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-CBD Energy completes USD25m line of construction financing.

International Resource News-May 9, 2012--CBD Energy completes USD25m line of construction financing(C)1994-2012 ENPublishing -

International Resource News - 09 May 2012

CBD Energy (ASX:CBD), a diversified renewable energy company focused on solar power installations, wind farm developments, energy efficiency design and solar module assembly in Australasia and Europe, has completed a revolving USD25m line of construction financing from a US financial institution.

The facility allows the company to increase work on its large pipeline of European solar projects, while giving the company greater scope to utilise the higher-margin Build-Operate-Transfer mode compared with traditional contracting on an engineering, procurement and construction basis.

The company expects the facility to start construction on 3MW of ready-to-go rooftop projects in Italy during the present quarter.

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Publication:International Resource News (IRN)
Date:May 9, 2012
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