The
financing
commitment
is
subject
to
due
diligence
by
the
solar
company,
which
it
expects
to
finalise
“in
a
matter
of
weeks”,
says
Roger
Davey,
EnviroMission
chief
executive.
The
proposed
equity-finance
would
see
the
investor
take
a
majority
interest
in
the
solar
tower
–
located
in
La
Paz
county,
Arizona
–
without
diluting
EnviroMission’s
issued
capital.
EnviroMission
previously
secured
a
power-purchase
agreement
(PPA)
with
the
Southern
Californian
Public
Power
Authority
(SCPPA)
to
deliver
output
from
the
first
of
two
planned
200MW
solar
tower
developments.
Under
the
deal,
SCPPA
will
have
the
right…
