Our Company |   Join Our Club |      

news categories



news per location



November_December 2017 2017



Read our bloggers



Power Plants



  • Directorio de Eficiencia energética

ReneSola Secures Project Financing from Sequoia Economic Infrastructure for solar project.

Jump to the comments

ReneSola Ltd, a leading fully integrated solar project developer and operator, announced today that Sequoia Economic Infrastructure Income Fund, which invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments, had agreed to provide senior debt facility for ReneSola's 55MW of projects in Poland, each with a capacity of 1MW. All of these projects are under Poland's Contract for Difference (CFD) regime and eligible for a 15-year guaranteed tariff.

These projects will be completed in three phases. The first 14MW are under construction and are expected to reach commercial operation in the first quarter of 2018. The construction for the remaining 41MW of projects is expected to be completed in the third quarter 2018.

Xianshou Li, Chairman and Chief Executive Officer of ReneSola, commented: "We are excited to partner with Sequoia Economic Infrastructure Income Fund. This financing facility reinforces our confidence in the potential of the downstream project development market in Poland.  It also demonstrates the confidence that the capital markets put in our ability to successfully develop projects in the region.  We look forward to further supporting solar deployment in Poland and other emerging markets."

Business | News published on 20 / 12 / 2017 by Rashmi Nargundkar

Comments in this news Add yours

Smokey

Thanks for another informative website.
Posted on 20 / 12 / 2017 | info tech

  Other Interesting News

Maharashtra Government tries to revive stalled Solar power project in Dhule Triogen launches break through heat recovery technology: the E-box 170. AVEVA expands its sales and support network in India Minister of Power Shri Piyush Goyal Dedicates Street Light Programme to the Nation Conergy to install first rooftop plant in Riyadh, Saudi Arabia