Homerun Resources Inc. Advances Solar Glass Project Financing with Letter of Intent from Leading European Project Finance Bank for up to 170 Million Euros
Homerun Resources announced it has received a non-binding letter of intent from a leading European project finance bank for a financing facility of up to €170 million to support its Solar Glass Project in Bahia, Brazil. The proposed loan carries a tenor of up to 14 years and is intended to cover the equipment package component of the project, which has a total estimated capital cost of nearly US$400 million.
Key figures
- Plant capacity
- 1,000 tonne per day
- Loan tenor years
- 14
- Facility amount eur
- €170 million
- Total capital cost usd
- US$400 million
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