MAGOP CODE | MAGOP/FP/REQ/07SEP16B |
LOCATION | Turkey |
PRODUCT TYPE | Project funding/financing request |
DESCRIPTION | WANTED: Funding/financing needed for PPA-backed solar farms/plants |
TRANSACTION CURRENCY | EUR |
FUNDING AMOUNT | Varies from project to project |
FUNDING TERMS | 10 years or less |
TOTAL CONTRACTS AMOUNT | €1,000,000,000+ (More than one billion Euro) |
COMMISSIONS | As agreed |
NOTES |
Upwards of 50 different Turkish landowners have plans to build 500kw and larger solar power plants that qualify for government-backed utility power purchase agreements (PPAs) that guarantees that all energy produced will be purchased. The project owners for the 500 kw plants each seek suitable funding in the amount of €750,000 (Seven Hundred Fifty Thousand EUR). The other projects’ loan requests will vary in greater amounts depending on the sizes of the larger tracts of properties. The project owners all seek 100% funding and terms of less than 10 years. These landowners are willing to consider using the value of their properties to collateraiize each projects' funding. |
MAGOP RELATIONSHIP: | Magister Operis™ is organizing and packaging each client's documents with the teamwork of Magister Operis' Turkish partner and his solar installer/maintainance friend that has done extensive planning for each project. |
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