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Irish solar energy developer BNRG strikes financing deal for US projects.


IFSC-headquartered developer predicts its US portfolio will grow to a total value of €336m

Irish solar energy has attracted increased levels of interest as improved technologies have made it possible to generate power from solar panels in the Irish climate

Irish solar energy developer BNRG renewables has struck a financing deal for the first projects in a US portfolio which it predicts will grow to a total value of $375 million (€336m).

The IFSC-headquartered developer signed a financing deal with a consortium of lenders for $40 million. It marks the final stage in the development of its first 33 megawatts (MW) of projects in the US.