Henan Solar Farm

active

The project entails the construction and operation of a 30 MW solar PV farm in Henan province, China. Project is being initiated on a Build Operate and Transfer modality. ReneSola is sponsoring the project and is the sole owner of the project. Total equity amount provided by ReneSola is $4.5 million. Debt financing ($18 million) for the facility was provided by China Kangfu International Leasing Company, a subsidiary of China's State Power Investment Corporation. The 10-year non-recourse loan has equivalent all-in pricing of 7.25%, though the interest rate is set against a floating benchmark. Debt to equity ratio is 80:20. Electricity generated is expected to be sold to the national electricity grid on a long - term PPA. Financial close occurred in August 23, 2017. https://ijglobal.com/data/transaction/38966/henan-solar-farm-30mw https://www.pv-tech.org/news/renesola-secures-financing-for-30mw-pv-project-portfolio-in-china https://uk.reuters.com/article/brief-renesola-secures-financing-for-30m/brief-renesola-secures-financing-for-30mw-of-distributed-generation-projects-in-china-idUKASB0BGTO ReneSola to be added to sponsors' list