Fantastic!
"The c. $10 million debt facility will be used to fund the development of the first four SCA solar PV embedded network projects, the existing Amaroo solar PV project and several proposed near-term projects that are presently in a state of advanced negotiations. Finalisation of the facility is subject to Infradebt’s ongoing due diligence and credit approval, and ReNu Energy’s finalisation of the nearterm additional projects."
I've been saying for a while the key to RNE is its ability to leverage. A 10-12% P.A. return (and rising with rising power prices?) on PV installations with low interest rates..... Yes please.
Ann: ReNu signs mandate for $10m debt facility, page-3
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