Standard Chartered has closed on a six-year, $235 million non-recourse senior secured term green loan facility to fund the development, construction and operation of a 1.35 million square foot PV manufacturing plant in Wilmer, Texas, for Trinasolar.
Standard Chartered was the sole lead structuring bank and bookrunner for the financing and acted as green loan coordinator, as well as a joint lead arranger, lender and hedge counterparty.
The new manufacturing plant is expected to include seven PV panel assembly lines producing modules for utility-scale, C&I and residential-scale solar with a total 5 GW annual output.
“Trinasolar is a longstanding client, and we are delighted to assist them again in this new green project financing,” says Standard Chartered’s Sridhar Nagarajan.
“In addition to boosting job creation locally in Texas, this new state-of-the-art solar panel plant will strengthen Trinasolar’s leading position in the local solar market. We are proud to have played a key role in this project which allows us to bring to life our commitment to working with clients towards net zero using our ability to provide comprehensive, innovative and bespoke sustainable financing solutions.”
The post Standard Chartered Nabs Financing for PV Module Manufacturing Plant appeared first on Solar Industry.
Standard Chartered Nabs Financing for PV Module Manufacturing Plant
As a financially comfortable, educated, straight white male, one might think I’m impervious to any of Trump’s policies.
I have a weakness, however, and it’s one I share with virtually every other progressive on the planet–I care deeply the well-being of other people. It disturbs me greatly to see other people suffer, especially when that suffering would be so easily avoided.
At left is a great example of a fallacy called a “false dichotomy.”
We all crave information that backs up what we already believe, and, in general, Trump supporters have this going on in spades.
When we think about it, isn’t in possible to both protect American citizens and respect the Constitution rights all people living here?
What would one expect a sycophant to say?
-
Greenhouse Gases7 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change7 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Climate Change2 years ago
Spanish-language misinformation on renewable energy spreads online, report shows
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change Videos2 years ago
The toxic gas flares fuelling Nigeria’s climate change – BBC News
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits