ReneSola, a fully integrated solar project developer and operator, announced that Sequoia Economic Infrastructure Income Fund had agreed to provide senior debt facility for ReneSola’s 55MW of solar projects in Poland, each with a capacity of 1MW. All of these projects are under Poland’s Contract for Difference (CFD) regime and eligible for a 15-year guaranteed tariff.
Xianshou Li, Chairman and Chief Executive Officer of ReneSola, commented: “We are excited to partner with Sequoia Economic Infrastructure Income Fund. 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. We look forward to further supporting solar deployment in Poland and other emerging markets.”
Image credit: By Photographs by Radosław Drożdżewski (User:Zwiadowca21) – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=46062590