Renewables, Solar

Solar manufacturer loan

10 May 2010– SunPower Philippines Manufacturing Ltd. (SPML), a unit of SunPower Corp, received a $75 million loan commitment from IFC, a member of the World Bank Group. The loan is to finance operations in the Philippines.

Under terms of the commitment, SPML can draw up to $75 million over the next two years and the loan must be repaid seven years from the draw down date.

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