(Bloomberg) — Penn Energy Renewables Ltd., a U.S.
developer of solar farms in Ontario, closed $125 million in
loans to build three projects in the Canadian province.
Rabobank Group arranged the loans with assistance from
KeyBank National Association and National Bank of Canada, the
Bala Cynwyd, Pennsylvania-based company said Tuesday. Financial
terms weren’t disclosed.
The three solar farms — in Uxbridge, Burford and Kawartha
Lakes — will have a combined capacity of 37 megawatts and sell
power to the Ontario Power Authority under separate 20-year
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Carlos Caminada, Tina Davis