SÃ… Capital agrees financing for 18. 1-MW Ontario solar buy

SÅ Capital agrees financing for 18. 1-MW Ontario solar buy

Terreno farm. Author: Thomas Kohler. Driver's license: Creative Commons, Attribution-ShareAlike 2 . zero Generic

June 12 (SeeNews) on the list of Renewable Energy Trust Capital Inc (RET Capital) it has secured CAD sixty six million (USD 53. 6m/EUR 48m) of non-recourse debt to home the acquisition of a 14. 1-MW solar farm in Ontario caused by Canadian Solar Inc (NASDAQ: CSIQ).

The capacity is given in direct current (DC).

The renewable finance platform provided the solar power plant, called CityLights in April, its third pv facility in Ontario bought from Canadian Solar. San Francisco-based RET Culminant previously closed non-recourse debt via NORD/LB Norddeutsche Landesbank Girozentrale as part of Hannover and Babson Capital Relief in relation to the acquisition of two alternative plants in Ontario, of twelev. 6 MW DC and 18. 2 MW DC. It has so now increased the original financing package to make sure you cover the CityLights buy, consistent with a Thursday press release.

"Established economical partners NORD/LB, Babson Capital throughout the day have empowered RET Capital all of which our solar portfolio to higher 100 megawatts in North America in year, " said RET Culminant chief executive and chairman John Some sort of Bohn and added that the service company looked forward to continued expansion in The country and new markets in the heading months.

Power from the three provided plants in Ontario is being acquired by the province's Independent Electricity Course Operator (IESO) under a 20-year feed-in tariff (FiT) contract.

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