22nd Mar 2021 13:20
Triple Point Energy Efficiency Infrastructure Co PLC - UK-based investment firm - Completes investments in the target combined heat and power assets, which are held by Harvest Generation Services Ltd and Glasshouse Generation Ltd. Harvest and Glasshouse hold operational, established energy centres located on the Isle of Wight, supplying heat, electricity and carbon dioxide to the UK's largest tomato grower, APS Salads, pursuant to an energy services agreement, with a remaining term of 15 years. Under the terms of the investment, Triple Point has provided GBP21 million of senior debt finance secured against Harvest and Glasshouse, the underlying assets, equipment, and contracts. The interest rate is 7.75% per annum, each loan carries a term of ten years, and each loan is amortising over 14 years, with the residual amount to be repaid at maturity.
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Year-to-date change: down 1.7%
By Evelina Grecenko; [email protected]
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