The facility can be drawn in euros or GBP and includes a 450 million euro capital expenditure facility and a 50 million euro letter of credit facility. The loan will be used to finance renewable energy projects in Europe, particularly Spain, Italy and the UK.
“This loan facility, which showcases the quality and strength of our banking relationships, removes barriers to deployment by unlocking more efficient and flexible financing approaches as we scale our renewable capacity in Europe” said Sonnedix’s CEO, Axel Thiemann. “Demand for new renewable capacity continues to grow rapidly and this kind of innovation is a good example of our customer-focused approach to accelerating the energy transition.”
For additional information:
