ASE secures $455 million to build 2 GW solar pipeline
AMPYR Solar Europe (ASE), a European solar energy company, has acquired a €400 million loan from CarVal Investors to put more than 2 GW of solar power capacity online in Europe by 2025. CarVal has contributed a €250 million first tranche and a €150 million supplemental tranche to assist ASE’s project. The loan will be used to fund the construction of the solar assets, as well as development capital and operating expenses.
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