British Solar Renewables has guaranteed the financial closure of 12 solar stands, three of which have batteries storage in the field of batteries
Image: British Solar Renewables
British Solar Renewables has secured GBP 345 million ($ 471 million) in financing for 12 solar projects and three co-locate battery activa. A spokesperson for the company told PV -Magazine The portfolio comprises 536 MW PV capacity at 12 locations and a total storage capacity of 73 MW/146 MWh of the three co-ledes assets.
Securing Financial Close represents one of the largest hybrid portfolio finances in the British renewable sector, according to British renewable energy sources. The developer also explained that one site in the deal is in Australia – a solar active with a capacity of 37 MW.
Five of the 12 locations are currently operational, the developer confirmed, with the rest in construction or expected to be under construction by the end of 2025.
Financing was protected as a flexible debt facility, supplied by a consortium of bank partners, including Lloyds Bank, Natwest, Commonwealth Bank of Australia and Landesbank Baden-Württemberg.
In a press release, Michael Ozersky, Chief Investment Officer described at British Solar Renewables, the deal as a “historical transaction” and an important milestone for the company.
“This financing emphasizes the power of our [co-location] Strategy and our innovative approach for supplying clean, reliable force on a scale, “said Ozersky.
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