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