Black Coral Capital will finance an additional $1.5m in additional secured non-convertible notes with residential solar systems provider One Roof Energy. Black Coral initially purchased $3m in principal amount of notes. One Roof will use the notes for both general working capital purposes and investment in solar projects. It has operations in seven US states.
France’s EDF wants to expand into new renewable energy markets outside Europe, said chief executive Jean-Bernard Levy, telling financial daily Les Echos Levy the company will seek to double its renewables assets to 50GW by 2030.
