Solar Power Partners Closes $115 Million Funding Round

Solar Power Partners Inc. (SPP), an independent solar power producer, has closed $115 million in financing, expandable up to $215 million. The financing comprises construction debt, term debt and tax equity provided by U.S. Bank and WestLB AG, as well as corporate funding from new and existing investors.

Project financing remains the key issue in the execution of solar projects, and this funding allows SPP to continue adding to its operating project portfolio, the company says.

SOURCE: Solar Power Partners

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