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-0.00447066414711713 -0.00319168548647271 -0.0188735769922109 -0.0148407613955846 -0.0263630916716596 0.0197262294326405 0.0214545789740517 0.032400792736323
Stock impact report

FuelCell Energy (FCEL) Secures $25M EXIM Financing for South Korea Project [Yahoo! Finance]

FuelCell Energy, Inc. (FCEL) 
Last fuelcell energy, inc. earnings: 3/16 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.fce.com/investors/default.aspx
Company Research Source: Yahoo! Finance
a debt financing agreement with the Export-Import (EXIM) Bank of the United States. The deal provided approximately $25 million in gross proceeds before fees and reserves. According to the company, this financing is part of EXIM's Project & Structured Finance program whose goal is to support US exporters in global natural resource and infrastructure sectors. Sergey Nivens/shutterstock.com Proceeds will facilitate producing and shipping fuel cell modules, along with related services for the final phase of upgrading 42 fuel cells at the Gyeonggi Green Energy site in Hwaseong Baran Industrial Complex, South Korea. This project operates as the world's largest fuel cell park with a capacity of 59.4 megawatts. And it delivers baseload power suitable for industrial parks and data centers. This particular agreement is the third EXIM financing for FuelCell Energy related to this Korean project. Previous transactions total over $50 million. Commenting on the deal, FuelCell Energy's CFO, M Show less Read more
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