Zenobe secures GBP60mn debt facility from Santander for 100 MW battery storage project in Capenhurst
Date
July 06, 2021
Type
Projects
Subtype
Financial close
Countries
UK (United Kingdom)
Subsectors
Energy Storage
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Zenobe Energy Ltd has secured an additional GBP60 million (US$82.94 million) non-recourse debt financing from Santander UK for the development of a 100 MW/ 107 MWh battery energy storage project in Capenhurst, near Chester in the UK.
The debt financing follows the GBP150 million (US$207.35 million) equity financing of Infracapital injected into the project in 2020.
The project is supported by the National Grid and secures a long-term route to a market agreement with EDF Trading.
