Longroad Energy, a US-based renewable energy developer, owner and operator, announced the financial close and start of construction of its Prospero Solar project in Andrews County, Texas with a total financing package of approximately $416 million. When completed in 2020, Prospero will be one of the largest solar farms in the U.S., with a nameplate capacity 379 MWdc.
Global independent solar power producer Sonnedix Power Holdings Limited announced it has further expanded its presence in Chile through the financial close of USD 99 million (EUR 88 million) for its 171MWp Atacama Solar PV plant in the form of non-recourse project financing provided by CAF –Development Bank of Latin America, as lead arranger, administrative agent and senior lender, and by Banco BICE and Banco Security, as senior lenders.
The Asian Development Bank (ADB) announced that it has approved a $7.64 million loan to support the construction of a 100-megawatt (MW) solar power park in Cambodia, which will help the country develop renewable energy resources, diversify its energy mix, and improve the competitiveness of its economy.
The Asian Development Bank (ADB) announced that it has signed a $4 million loan with a special purpose vehicle and subsidiaries owned by the 77 Construction, Contracting, and Trading Group (77 Group), an international civil works contracting firm headquartered in Turkey, to help build a 15.1 megawatt (MW) solar power plant and promote the development of renewable energy in Afghanistan.
Solarpack Corporación Tecnológica, SA announced the signing of a share purchase agreement for the acquisition of 90.5% of the solar photovoltaic projects Tacna Solar and Panamericana Solar with Tawa Solar Fund LP and the rest of the Projects’ shareholders, for US$ 51.5 million.