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AES Solar Energy reaches financial close on 8 MW Torchiarolo solar PV project in Italy
(16/07/2010)

AES Solar Energy Ltd has announced that one of its subsidiaries closed on long-term non-recourse financing facilities of €31 million to finance the construction of the 8 MW Torchiarolo solar photovoltaic (PV) facility project, located in the Puglia region of Italy. David Sundstrom, AES Solar Country Manager for Italy stated, “Reaching financial close on the 8 MW Torchiarolo project, our second solar PV project in Italy this year, demonstrates ... [more]

AES Solar Energy Secures 70 Million Euros Financing for Photovoltaic Projects in Spain
(22/01/2009)

AES Solar Energy Ltd, a joint venture between The AES Corporation and Riverstone Holdings LLC, has announced that one of its subsidiaries closed a €70 million non-recourse debt facility for five of its photovoltaic (PV) projects in Spain. The loan was extended by UniCredit Mediocredito Centrale of Italy and Rabobank of the Netherlands. The financing is at an initial margin of 255 bps to EURIBOR per annum and it is amortized based on an underl... [more]

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