The £103m term loan is for the acquisition of 14 UK solar assets (13 UK ground mounted solar farms and 1 UK commercial roof top) with RBS.1 These large-scale photovoltaic power stations, which supply power into the UK national grid, can generate enough green electricity to power over 11,286 UK households, according to Lightsource Renewable Energy.
“We have a strong appetite for development and a significant pipeline,” said Paul McCartie, finance director for Lightsource Renewable Energy, adding that RBS has proven to be an exceptional, supportive partner.