The non-recourse debt financing is being provided by Bank of Tokyo-Mitsubishi UFJ, which acted as coordinating lead arranger, and other lenders including Credit Agricole, ING Capital and Rabobank Nederland.
A non-recourse loan is one under which the lender’s source of repayment is the cash flow generated by a project being financed.
Partners in American Renewables , which is developing the project, are contributing an unspecified amount of equity.
