Brief: Encavis Closes Project Financing Of About EUR 61 Mln For Its German Solar Park In Borrentin

Encavis AG

10/09/2024 06:10

Sept 10 (Reuters) - ENCAVIS AG  ECVG.DE :
    * ENCAVIS SUCCESSFULLY CLOSED A PROJECT FINANCING IN THE
AMOUNT OF
APPROX. EUR 61 MILLION FOR ITS GERMAN SOLAR PARK IN BORRENTIN
(114 MEGAWATTS)
    * TRANSACTION HAS BEEN STRUCTURED, ARRANGED, AND MANAGED BY
ENCAVIS' INHOUSE PROJECT FINANCE TEAM
    * NON-RECOURSE PROJECT FINANCING AGREEMENT IN A TOTAL AMOUNT
OF
EUR 60.7 MILLION FOR ITS SOLAR PLANT LINDENHOF (BORRENTIN)
    * BORRENTIN PLANT IS NEARING COMPLETION OF CONSTRUCTION,
WHICH IS
EXPECTED AT END OF SEPTEMBER 2024
    * IN TOTAL FINANCING INCLUDES EUR 46.8 MILLION TERM LOAN
FACILITIES
    * ALSO INCLUDES EUR 2.75M VAT FACILITY AND EUR 11.1 MILLION
LETTER
OF CREDIT FACILITIES

Source text for Eikon:  ID:nEQ95dklha 
Further company coverage:  ECVG.DE 

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