Silicor Grundartangi Solar Silicon Plant

1/9/2018
Project development, Project finance

$ 1 billion

Announced

1/9/2018


Overview:

  • Silicor Grundartangi Solar Silicon Plant.
  • Silicor Materials is developing a plant in Iceland to produce solar-grade silicon.
  • The plant at Grundartangi will have a capacity of 19,000 metric tons.
  • The project aims to produce solar-grade silicon at a cheaper price using a new metallurgical process.
  • Silicor has also committed to carbon neutrality at the plant.
  • SPV Sunnuvellir is providing equity financing.

Sam Duke - Editor

Jurisdiction:

Iceland

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing laws:

United States
Iceland

Industry sectors:

Industrials and manufacturing
Construction and materials


Firms:

Party: Silicor Materials (Project developer)


Party: Summa rekstrarfélag (Financial adviser)

Party: Sunnuvellir (Lender)


Party: Silicor Materials (Project developer)


Party: Sunnuvellir (Lender)