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IN BRIEF: Good Energy restructures financing on generation assets

1st Apr 2021 20:29

Good Energy Group PLC - Chippenham, England-based renewable electricity supplier and energy services provider - Becomes the first energy supplier to be awarded 'Gold' in Uswitch's green tariff accreditation scheme, the highest standard possible.

In addition, has refinanced and restructured two secured bank loans against its 50 megawatts of wind and solar assets.

As at June 30, GBP5.1 million was secured against the Delabole wind farm, financed by the Cooperative Bank, and GBP33.2 million secured against the rest of the portfolio, financed by Gravis Capital-managed funds.

The assets will now be solely financed by Gravis funds and will amortise through to June 2035.

Current stock price: 224.00 pence

Year-to-date change: up 26%

By Dayo Laniyan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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