01 Oct '15, 12pm

Hanwha Q CELLS closes financing for two solar projects totalling 45.2 MW in the UK: EDF Energy entered into 15...

<p>Hanwha Q CELLS, one of the world&rsquo;s largest providers of high-quality, high efficiency photovoltaic modules and solutions, today announced that it has closed the financing of two solar power plants in Cambridgeshire, England, totalling 45.2 MW in capacity. The two plants, Green End (24.8 MW) and Fenland (20.4 MW), were both connected in March 2015 and therefore qualify for the UK Government&rsquo;s Renewable Obligation scheme, under which they receive Renewable Obligation Certificates (ROCs) for 20 years.</p> <p>Financing for the operation of the solar plants has been provided by Bayerische Landesbank, which provided a GBP 40.3 million non-recourse loan. EDF Energy, the UK&rsquo;s largest producer of low-carbon electricity, will purchase the solar energy under 15 year power purchase agreements with the two plants.</p> <p>Jos&eacute; Joaqu&iacute;n Mu&ntilde;oz Osun...

Full article: http://www.renewableenergyfocus.com/view/42976/hanwha-q-c...

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