Solar and energy storage project development platform Recurrent Energy has secured a €150 million (US$164.1 million) multicurrency facility with Santander Corporate & Investment Banking (Santander CIB)
BayWa r.e Solar Projects – the US solar developer arm of industrial conglomerate BayWa – has secured a US$115 million credit facility to support the expansion of its US solar and storage project portfolio.
French renewables Voltalia has signed a €250 million syndicated credit facility that will be used to pre-finance construction work on new power plants.
Solar developer Altus Power has closed an up to US$200 million revolving credit facility, which will support its growth of assets and serve additional customers with solar PV products, storage and vehicle charging.
Energy investment platform CleanCapital has secured a US$200 million credit facility to support its pipeline of distributed solar and energy storage projects.
US renewables owner Vesper Energy is set to accelerate the development of its solar and storage pipeline in North America after closing a letter of credit facility for up to US$100 million.
The German Development Bank (KfW) and the African Trade Insurance Agency (ATI) have set up a new credit facility instrument built to support renewable energy projects in sub-Saharan Africa that targets small- and mid-scale renewable energy projects (up to 50MW).
IFC is partnering with the Commercial Bank of Ceylon (CBC) to help the Sri Lankan bank invest more in local companies focused on renewable energy and energy efficiency.
Residential solar company Vivint Solar announced Monday that it has extended the term of the availability period for borrowing under its aggregation credit facility by three years to March 2020 — with the final maturity of the facility set for September 2020.
