Pacific Green has achieved financial close for GBP28.25 million (US$34.90 million) of senior debt associated with the company's 99.98 MW battery energy storage system (BESS) at Richborough Energy Park in Kent, England, UK.
Green Power Reserves Limited's equity investment and the senior loan will give Pacific Green the money they need to open the battery park in June 2023.
In accordance with the senior debt facility agreement, Close Leasing Limited (CLL) will provide a development loan to fund the construction, which will be used in stages following the expenditure of the equity investment. Once commercial operations begin, the development loan will be refinanced into a 10-year amortized term loan.
Vattenfall AB has reconsidered the development of a renewable energy hybrid scheme that will be located at Mynydd Lluest y Graig in Wales, UK. The hybrid scheme will feature a 105 MW onshore win...
Read moreOctopus Renewables Infrastructure Trust Plc has completed the acquisition of the 68 MW Breach Solar Farm project located in Cambridgeshire, UK from AGR Renewables for a total consideration of GBP...
Read moreØrsted has announced that the first phase of the 174MW Kennoxhead wind complex has started generating its first power.
Read moreBanks Renewables has announced its plans for a 50 MW solar photovoltaic energy park in South Yorkshire, England, UK. The Common Farm solar project will have 50 MW battery energy storage system and wi...
Read moreVattenfall AB, a Swedish utility, has announced the installation of the first of 50 Nordex Delta N133 turbines at the 240 MW South Kyle onshore wind project in East Ayrshire and Dumfries and Galloway,...
Read more