FLC On Enhancing Geographic Footprint And Financing Capacity

2 min read | November 30, 2018 05:22 PM AEDT | By Team Kalkine Media

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FLC On Enhancing Geographic Footprint And Financing Capacity

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For financing of Build, Own, Operate & Transfer projects the company has secured a US $50.0 million non-recourse debt facility and is making an announcement around this. With widespread experience in renewable energy projects and financing infrastructure the facility is provided by a leading US-based sustainable infrastructure investment firm.

Across projects in different geographies this single facility may be deployed, most importantly thus significantly restructuring one of the most intense steps in project development.

âTowards the future it is a big step particularly for the fleet of smart packaged systems to undertake projects that use their proven expertise in project execution which will now have readily available access to the funding needed. Fluence CFO Francesco Fragasso said while commenting on the new debt facility.

To deliver in China multiple MABR-based Aspiral smart packaged solutions, the company was also recently seen announcing a new partnership and another contract award. This achievement of contract for a 1,500 m3 /day wastewater treatment plant and new partnership with environmental EPC firm Zhongi Hause, in Jilin Province, are the first for Fluence. The contract requires to be commissioned and operating by January 2019 and contract requires to be delivered by December 2018 another six Aspiral L5 units.

Fluenceâs MABR-based Smart Packaged Aspiral because of its reduced need for active aeration can be adapted to perform efficiently under challenging conditions. Further opportunities in extremely cold regions may be because of the successful execution of this project. The company is expanding its footprints in China by signing this multi-unit Aspiral order for the use of rural wastewater treatment.

Fluence Corporation Ltd (ASX:FLC) has surged up by 2.703% on the ASX as at November 30, 2018 to trade at a market price of $0.380. This is near its 52-week low and the company has seen a performance change of -3.90% over the past one month.

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