Greenscape closes funding for green parking project in USA
(ADPnews) - Oct 14, 2010 - Canadian Greenscape Capital Group Inc (CVE:GRN) said on Wednesday it had invested USD 9 million (EUR 6.4m) in equity for its green parking project in the US state of Colorado, completing its funding.
The facility, which services Denver International Airport, includes wind, solar and geothermal energy sources, electric vehicle charging stations and light emitting diode (LED) lighting. It will start operation ahead of schedule in November 2010.
The financing for the project also includes a USD-1.1-million investment by minority interest partners and a USD-8.5-million three-year construction credit obtained from Wells Fargo Bank, Greenscape said.
Meanwhile, the company said it had extended the maturity of a USD-2-million loan to December 15, 2010.