The funds will cover most of the estimated €60m ($74m) price tag for a 13.4MW ground-mounted PV array Solarstrom commissioned late last year at a former military base near Stribo.
State-owned banks Bayerische Landesbank and Landesbank Baden-Württemberg will each contribute 642.2m koruny ($30.8m). Solarstrom will use the funds to settle its outstanding bridge loan of €30.4m.
“The bridging loan ¿ and the long-term financing that have now been concluded have provided us with the time leeway we need to sell this valuable project at an appropriate price, without finding ourselves under pressure to sell”, says Solarstrom chief executive Karl Kuhlmann.
“We
