Gigasun AB, a Stockholm-based solar project developer, has secured SEK 372 million (≈ $41 million) refinancing through its Chinese subsidiary with Agribank. The RMB 280 million (≈ $39 million) loan facility was structured as a ten-year sales and leaseback solution, replacing earlier seven-year loans with higher interest rates. Borrowing costs were reduced from nearly 6.50% to 3.60%, tied to China’s five-year Loan Prime Rate plus ten basis points. The refinancing has improved the loan-to-value ratio and is expected to generate annual savings of approximately SEK 10.8 million (≈ $1.2 million). Gigasun previously had a RMB 600 million (≈ $84 million) facility with Agribank, which was shorter in maturity and carried higher costs. The new arrangement has extended maturity, enhanced liquidity, and stabilized cash flow to support further expansion of solar operations in China through subsidiaries operating rooftop PV projects under 20-year PPAs.