Sberbank opens 10.7 bln rbl of credit lines for Solar Systems

MOSCOW, Mar 15 (PRIME) -- Russia’s top bank Sberbank has opened several credit lines for solar power company Solar Systems totaling 10.7 billion rubles for construction of a 100-megawatt (MW) Staromaryevskaya solar power plant in the Stavropol Region, the bank said in a statement on Friday.

“Sberbank and Solar Systems have signed contracts to open credit lines with a 10.7 billion ruble combined financing limit. The client will spend the money on construction of the Staromaryevskaya solar power plant with a combined installed capacity of 100 MW,” the statement read.

Previously, Sberbank financed construction of the Samara solar power plant. The project encompassed construction of 75 MW solar power capacities in three stages, and two of them are finished.

(65.4021 rubles – U.S. $1)

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