Subscribe today and receive an extra account for free.
Subscribe
Dollars in green. Author: 401(K) 2012.
April 11 (Renewables Now) - US-based power infrastructure investor EnfraGen LLC has received USD 100 million (EUR 88.7m) in new capital from a group of banks so it could repay publicly traded bonds linked to its renewables arm.
EnfraGen got the funding from a consortium of lenders led by DNB Bank ASA and Societe Generale, New York Branch. Its renewables unit, Fontus Hydro LLC, will also use a portion of the fresh funds as additional capital for further growth, EnfraGen’s parent company, Glenfarne Group LLC, said in a statement.
Last year, Fontus Hydro bought three operational run-of-river hydropower plants (HPPs) in Chiriqui province, Panama. These facilities are supported by contracted revenues and sell their generated electricity into the Regional Electricity Market (MER).
(USD 1.0 = EUR 0.887)
Enel to file for permit to close last coal-fired units in Chile by 2022
May 28, 2020 17:16 CEST
RWE, Kyuden Mirai prep for Japanese offshore wind tender
May 28, 2020 16:05 CEST
Strong revenues help Canadian Solar turn to Q1 net profit
May 28, 2020 15:24 CEST
NextEnergy Capital inks PPAs for 45 MW of solar with Shell
May 28, 2020 15:06 CEST
US renewables produce 17.5% more electricity than coal in Q1
May 28, 2020 15:01 CEST
ABO Wind, GGEW launch green tariff for wind, solar neighbours
May 28, 2020 14:46 CEST
