Deutsche Bank arranged the facility, which Los Angeles-based investment firm Tennenbaum Capital Partners financed.

Conergy says the financing will support Conergy’s solar business from project development through engineering, procurement and construction of new plants, to operations and maintenance.

"Conergy has a proven solar business and we are pleased to provide growth capital to support their expansion around the world,” says Timothy Gravely, managing director of Tennenbaum Capital Partners.

Miami-based