to-the-point: Albioma secures EUR-60m credit line

Albioma’s first solar power plant with integrated storage has been installed on the roof of a shopping centre in Saint-Pierre, on Reunion Island. All rights reserved.

June 12 (Renewables Now) - French renewable energy producer Albioma Sa (EPA:ABIO) said on Tuesday it has signed a EUR-60-million (USD 67.9m) corporate credit line with French and international lenders.

The new bank facility has a maturity of five years that could be extended to seven years. It follows a previous line of EUR 40 million, which, Albioma said, was coming to an end.

The company noted that the new credit line reflects its growth momentum and will provide it with an improved financial flexibility when it comes to acquisitions or specific cash requirements.

(EUR 1.0 = USD 1.132)

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