Hanwha Q CELLS Closes Financing for Two UK Solar Projects

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Hanwha Q CELLS today announced that it has closed the financing of two solar power plants in Cambridgeshire, England, totalling 45.2 MW in capacity. The two plants, Green End (24.8 MW) and Fenland (20.4 MW), were both connected in March 2015 and therefore qualify for the UK Government's Renewable Obligation scheme, under which they receive Renewable Obligation Certificates (ROCs) for 20 years. Financing for the operation of the solar plants has been provided by Bayerische Landesbank, which provided a GBP 40.3 million non-recourse loan. EDF Energy, the UK's largest producer of low-carbon electricity, will purchase the solar energy under 15 year power purchase agreements with the two plants.Jose Joaquin Munoz Osuna, VP EMEA Project Finance of Hanwha Q CELLS, said "We are very pleased to announce the refinancing of our initial UK-solar portfolio with Bayern LB. With this transaction

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

See full press release