GCP Infrastructure Investments : GCP – new investment

GCP Infrastructure Investments is investing £7m in loan notes issued to fund a small hydroelectric scheme based in Scotland. The total value of the loan notes is £7m and the money is being lent at 9% per annum for a period of about 18 years. The scheme generates almost 2MW of electricity and is already operational. The cash flow needed to service the loan will come from payments under the government’s feed in tariff scheme.

GCP say that, with this deal, they have invested 29% of the proceeds of their C share issue.

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