ReneSola has secured finance from the Sequoia Economic Infrastructure Income Fund for 55MW of solar projects in Poland.
The fund will provide a senior debt facility for the projects, which are guaranteed a 15-year tariff under Poland’s contract for difference regime.
The projects will be built in three phases, with the first 14MW already under construction and expected to reach commercial operation in the first quarter of 2018.
Construction of the remaining 41MW is slated for completion in the third quarter 2018.
ReneSola chairman and chief executive Xianshou Li said: “This financing facility reinforces our confidence in the potential of the downstream project development market in Poland.
“It also demonstrates the confidence that the capital markets put in our ability to successfully develop projects in the region.”
Image: Pixabay
ReneSola takes shine to Poland
Financing agreed for 55MW of solar projects in east European country
By EBS