Track Record Financing

This financing track record was established under the ownership of previous corporate entities - including SunRay Renewable Energy and SunPower Corporation.

Project finance:

  • Cassiopea €120m Oct-09; Lead lenders were BIIS, Société Générale and WestLB AG

  • Centauro €44.5m May-10; Lead lender Barclays Bank

Investment grade solar bonds:

  • World’s first ever investment grade (rated by Moody’s) solar bonds: Andromeda €195m Dec-10 – Bookrunners were BNP Paribas and Société Générale

    • 50% of the bond issue was bought by the European Investment Bank

Sale of operating projects from a scalable platform to top-tier global investors:

  • MetLife Capital, Allianz Specialised Investments

Equity funding of SunRay Renewable Energy:

  • Funded by Denham Capital Management - a $7bn US private equity energy fund

  • $277m cash exit to SunPower Corporation in April 2010