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Clenergy secures €41M financing for 65-MW solar project in Germany

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Clenergy secures €41M financing for 65-MW solar project in Germany

Clenergy (Xiamen) Technology Co. Ltd. closed a €41 million financing with Norddeutsche Landesbank for its 65-MW solar project in Ganzlin, Germany.

The company also issued a notice to GP JOULE GmbH and Energiequelle GmbH to begin work on engineering, procurement and construction for the project.

With a 20-year, German government-backed feed-in tariff contract in place, the project is expected to achieve commercial operation in May 2020, according to a Nov. 6 news release.