CBD Energy secures $25 million in funding, and mergers with Westinghouse Solar
Thu, 17 May 2012
Australian solar company CBD Energy has secured a $AU25 million line of credit from an American financial institution, as well as merging with American solar company Westinghouse Solar.
The credit line will facilitate the funding of CBD's provision of up to 3 MW of rooftop solar projects in Italy, which the company anticipates will increase to 5 MW of solar per month across Europe.Article continues below…
The merger with Westinghouse Solar is anticipated to come into effect in the third quarter of 2012.
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