Deutsche Bank provided a C$270 million ($209.98 million) senior debt facility to Grasshopper Solar, Canada’s largest fully-integrated solar company. The facility will be used to drive further growth of Grasshopper’s asset base.
Grasshopper Solar currently has C$500 million ($388.86 million) in assets under operation and in various stages of development globally.
“We are pleased to have partnered with Deutsche Bank,” said Azeem M. Qureshi, CEO of Grasshopper Solar. “This is a big win for the renewable energy sector and this transaction demonstrates our combined ongoing commitment to the proliferation of solar and reduction in carbon footprint. With this investment we will continue to explore new opportunities and expand our asset base.”
