FuelCell Energy has signed a construction loan facility with San Francisco-based financier of distributed energy and resource infrastructure Generate Capital.
The facility will be used by FuelCell Energy to finance the construction, installation and commissioning of the company’s current and future project backlog and awards.
Under the terms of the agreement, FuelCell Energy will submit projects to Generate Capital over a 36-month period.
Once an individual project is funded, the construction loan will remain outstanding until the project becomes commercially operational.
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