Lightsource bp and Contact Energy secure financing for New Zealand solar project [Yahoo! Finance]
CHINA CONSTR BK UNSP/ADR (CICHY)
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Source: Yahoo! Finance
Park solar farm, a 168MWdc [megawatt defined conditions) project in Christchurch, New Zealand. The debt package has been organised as a green financing loan, with the package being jointly underwritten by Westpac, Mizuho, China Construction Bank and Intesa Sanpaolo. Lightsource bp APAC managing director Adam Pegg said: “This project at Kowhai Park is our first to reach this stage in New Zealand, and we are proud to have developed such strong synergies with our partners Contact and Christchurch Airport as we help progress New Zealand's decarbonisation. “Reaching this point on a project in a new country for the first time is a significant milestone. Through this project, Contact has proven to be a fantastic partner, and we have built a strong relationship. We look forward to working closely together on our future projects.” Kowhai Park will feature approximately 300,000 solar panels. This solar project marks the initial phase of Christchurch Airport's renewable energy precinct
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