Tuesday, August 4, 2015

Sustainable energy Trust Borrowing $54 Million for you to Solar Farm

Renewable Energy Trust Town, a clean-energy financing provider, is in fact borrowing C$66 million ($54 million) to help fund its acquisition of any kind of a 14. 1-megawatt Canadian Solar Incorporation. power plant in Ontario.

RET Town didn't provide terms for the non-recourse debt facility in a statement Tuesday. It agreed to buy the CityLights solar power farm in Chesterville in September, the San Francisco-based company's 1 / 3 acquisition of a solar farm created Canadian Solar.

Electricity from all solar farms is being sold to some sort of Independent Electricity System Operator, Ontario's largest power provider, under a 20-year contract.

Trina Solar Ltd. and as well Yingli Green Energy Holding Co. were actually the largest solar-panel producers by deliveries last year.

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