21st Jul 2015 08:20
LONDON (Alliance News) - NextEnergy Solar Fund Ltd on Tuesday said it has secured a GBP22.7 million facility with NIBC Bank NV to back its Cock Hill and Llwyndu projects.
The fund also has drawn down GBP24 million of its GBP31.5 million revolving credit facility with Macquarie Bank Ltd. The total drawn down by the company from the two facilities is GBP46.7 million.
The facility will finance NextEnergy's Cock Hill and Llwyndu solar projects.
"We continue to grow the company's asset base and, as previously announced, are using existing and new debt facilities to fund the latest additions to our portfolio. We expect to continue to expand our debt funding sources," said NextEnergy Chairman Kevin Lyon.
NextEnergy shares were trading flat at 105.35 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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