Waga Energy SA (FR:WAGA) has released an update.
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Waga Energy has secured its first €100 million green syndicated loan to propel its international expansion, particularly in the U.S., and strengthen its financial position. The loan, with a 3 to 5-year maturity, is aimed at funding climate change mitigation projects in accordance with the European green taxonomy. Oversubscribed by five banking groups, the loan underscores the market’s confidence in Waga Energy’s contribution to the energy transition and the robustness of its business model.
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