China Development Bank provides EUR 38 million loan to Green Vision Seven SRL for 82MW Solar Power Park Project (Linked to Project ID#66498)

In 2013, China Development Bank (CDB) and Green Vision Seven SRL — a special purpose vehicle (SPV) project company that is indirectly controlled by Hareon Solar Technology — signed an EUR 83 million loan agreement for an 82MW Solar Power Park Project. The loan was provided in a two tranches: an EUR 50 Million tranche (captured in Project ID#66498) and an EUR 38 million tranche (captured in Project ID#73251). The borrowing terms of the loan are unknown. This project, which cost EUR 100 million in total, involved an expansion in the power generation capacity of an existing photovoltaic park in the village of Ucea de Sus within Brașov County from 55 MW to 82MW. Construction began in April 2013 and ended in December 2013. Then, in 2014, the expanded photovoltaic park was put into operation. The park was later sold to a Chinese company called Jiangsu Sunshine Group.

Additional details

This project is also known as the Green Vision-Brasov Solar PV Park - 1A Project. Green Vision Seven SRL is a project company that is 95.5% owned by Hareon Solar Technology through a legal vehicle controlled by a subsidiary, Hareon Alps Holding, which is registered in Switzerland.

Number of official sources

2

Number of total sources

16