Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTSolar developer Encore lands USD-20m loan
Dollars in green. Author: 401(K) 2012.
May 5 (Renewables Now) - Encore Renewable Energy has closed on a USD-20-million (EUR 18.6m) senior loan provided by Lacuna Sustainable Investments and Javelin Capital.
The company said in a statement that this interim debt financing is being used to retire existing debt. It also helps Encore expand into new geographic markets and advance solar-plus-storage, brownfield redevelopment and dual land-use agrivoltaic initiatives.
“This infusion of capital comes at a critical time in our company’s growth trajectory and will allow us to accelerate our strategic plan and enhance our ability to deploy distributed solar and storage in our core markets and beyond,” said Blake Sturcke, president of Encore Renewable Energy.
(USD 1.0 = EUR 0.928)
More stories to explore
Duke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CEST
US stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CEST
Savannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CEST
Celsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CEST
Agrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CESTShare this story
Tags
About the author
