Encavis Closes Project Financing Of About EUR 61 Mln For Its German Solar Park In Borrentin
Sept 10 (Reuters) -ENCAVIS AG ECVG.DE:
ENCAVIS SUCCESSFULLY CLOSED A PROJECT FINANCING IN THE AMOUNT OF APPROX. EUR 61 MILLION FOR ITS GERMAN SOLAR PARK IN BORRENTIN (114 MEGAWATTS)
TRANSACTION HAS BEEN STRUCTURED, ARRANGED, AND MANAGED BY ENCAVIS' INHOUSE PROJECT FINANCE TEAM
NON-RECOURSE PROJECT FINANCING AGREEMENT IN A TOTAL AMOUNT OF EUR 60.7 MILLION FOR ITS SOLAR PLANT LINDENHOF (BORRENTIN)
BORRENTIN PLANT IS NEARING COMPLETION OF CONSTRUCTION, WHICH IS EXPECTED AT END OF SEPTEMBER 2024
IN TOTAL FINANCING INCLUDES EUR 46.8 MILLION TERM LOAN FACILITIES
ALSO INCLUDES EUR 2.75M VAT FACILITY AND EUR 11.1 MILLION LETTER OF CREDIT FACILITIES
Source text for Eikon: ID:nEQ95dklha
Further company coverage: ECVG.DE
(Gdansk Newsroom)
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