The solar farm was developed in 2015 and is backed by a Renewables Obligation subsidy, providing 12.6 GW hours P50. The new 10-year lending will facilitate the restructuring of previous debt, plus an additional £2.65m, and will run for the remainder of the subsidy.
The lending will enable the farm’s parent company, Nordic Solar A/S, to scale its impact with further solar parks and battery storage facilities, helping to accelerate the energy transition.
Dan Topor, Relationship Manager at Triodos Bank UK, said: “We know that tackling the world’s dependence on fossil fuels is key to addressing climate change and we partner projects that share our vision of a comprehensive transformation of the energy system from supply to consumption. This shared goal means that we’re able to be flexible in arranging finance for established projects that are delivering renewable energy to the UK grid.”
Triodos Bank UK has more than three decades of experience in the renewable energy sector. The bank recently launched a renewed energy vision, warning that fossil fuels still dominate the global energy system and that the transition remains far off track.
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NOTES TO EDITOR
For further information and to arrange interviews please contact:
Ellie James, Marketing Manager, Business Banking: [email protected] / +44 (0)117 311 0241
About Triodos Bank
Founded in 1980, Triodos Bank is a frontrunner in impact finance. As an independent, mission-driven bank, Triodos Bank uses money consciously to create positive change, demonstrating that caring for people and planet goes hand in hand with healthy financial returns.
Triodos Bank is the only B-Corp certified bank listed on Euronext Amsterdam. The bank operates in the Netherlands, Belgium, the UK, Spain and Germany, with Investment Management activities based in the Netherlands and active globally.
Triodos Bank co-founded the Global Alliance for Banking on Values, a network of 70 sustainable banks worldwide. Together these banks work on growing a financial system that supports the real economy and delivers lasting social and environmental impact.
Triodos Bank UK Ltd is a wholly owned subsidiary of Triodos Bank NV. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales Company No. 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008. VAT reg no 793493383.