The hybrid debt / equity funding deal will also make it possible for Enviromission to work through the complete regulatory and permitting process necessary to meet a timetable agreed as part of power purchase agreement with the Southern California Public Power Authority.

“This funding will allow Enviromission to complete the next critical stages of development with confidence there will be adequate financial means to deliver the solar tower development through to ultimate project financing,” says Enviromission chief executive Roger Davey.

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