
Bergamo Acquisition announced a new solar power project for the Republic of Lebanon. The company's key management will travel to the country to conclude the Letter of Intent ("LOI") with the Government of Lebanon.
The total cost for the project will be $500 million, with Lebanese government providing 100% of the total finance package. Bergamo E & A on its end will be responsible for the technical know-how and will provide a turn-key operation for the government under the terms of the LOI and the letter of credit to be issued by the Lebanese government to support Bergamo activities and its involvement in the project.
The Letter of Credit will be issued to Bergamo E & A, the wholly owned subsidiary of Bergamo Acquisition Corp.
[source: Bergamo Acquisition]
Yingli Green Energy announced a 300 MW PANDA mono-crystalline silicon-based manufacturing capacity expansion project at its Baoding headquarters. The company will finance the project from a loan of RMB 1.5 billion and a working capital credit facility of RMB 250 million, both granted by the Bank of Communications, Hebei Branch (BOCOM).




Vestas and Shanghai Huitong Energy have entered into a partnership, under which Vestas is to deliver 48 MW of wind turbines to Inner Mongolia Huitong Energy Zuozi Wind Energy, a subsidiary of Shanghai Huitong Energy (SHE). SHE is a new player in the growing Chinese wind energy market and industry.