Italian photovoltaic firm gets €9mn for Mexico deal
Italian photovoltaics supplier Fimer has sealed €9mn in financing from Sace and Deutsche Bank for the supply of conversion centres for two solar farms in Mexico.
Deutsche will issue two performance bonds worth US$4.3mn, which will be backed by Sace. The German bank will also issue a €5mn loan that will be used to finalise supply contracts.
Head of Milan branch at Sace, Enrica Delgrosso says: “With this initiative, we are continuing our commitment alongside Deutsche Bank in support of the internationalisation projects of Italian companies like Fimer, which are growing in complex high-potential markets like those of Latin America.”
Fimer specialises in the design, production and sale of ultra-high-efficiency modular inverters for large photovoltaic installations.
Commenting on the deal, Fimer CEO Ambrogio Carzaniga says:“With this project, we are consolidating our position in the Latin American markets for the supply of electric power conversion systems for customer solar farms. Fimer invests constantly in research and development, and from this year our new facility in Vimercate is fully operational, increasing our production capacity.”take me back