solar project

Kawa Solar (Conergy Group) has secured a bank guarantee facility of $60m for the expansion of the company’s solar projects business.

The loan facility has been arranged by Deutsche Bank and financed by Tennenbaum Capital Partners and is expected to strengthen financial support across Conergy’s power plants value chain.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The value chain ranges from project development, through the engineering, procurement and construction (EPC) of new plants, to the operations and maintenance (O&M) of completed plants.

Conergy Group global COO Alexander Gorski said the new financing will allow Conergy Group to rapidly scale up global projects business.

"Backed by strong equity investors, we have generated exceptional growth in utility-scale projects this year," Gorski said.

See Also:

Conergy’s EPC business has been managing solar power plants totalling 650MWp worldwide and the O&M business for the management of 300MWp of assets for 200 customers, to date.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
"With the new bank guarantees, Conergy Group is expected to accelerate its participation in high growth markets."

Conergy Group board member Andrew de Pass said: "The support of Deutsche Bank and Tennenbaum Capital Partners positions Conergy to execute its global growth plan in solar power projects, and confirms Conergy as one of the strongest downstream companies in solar with a truly global footprint."

Tennenbaum Capital Partners managing director Timothy Gravely said: "We have deep expertise in the energy technology sector and we are pleased to leverage that on behalf of Conergy."

With the new bank guarantees, Conergy Group is expected to accelerate its participation in high growth markets while expanding project capacity supported by bank guarantees by up to 400MWp.

Conergy’s projects are backed by majority shareholder Kawa Capital Management.

Image:Conergy secures bank guarantee facility for expansion of its solar business. Photo: courtesy of Naypong / Freedigitalphotos.net.

Energy