Switzerland-based Meyer Burger, a leading solar technology company, secured a $39.48 million bridge loan facility from key bondholders, including Highbridge Capital, LMR Partners, and Whitebox Advisors, to stabilize operations. The funding provides liquidity to support ongoing restructuring negotiations with DESRI and aims to finalize a revised offtake agreement by December. This facility enables Meyer Burger to achieve its production target of 1.4 GW annually and ensure operational sustainability.
Meyer Burger locks in $39.48M loan amid supply deal talks with DESRI
Bondholders back Meyer Burger with $39.48M to fund liquidity and operations. (Image Source: Meyerburger)
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
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