Overview
NextEnergy Solar Fund has announced that it has signed a £22.7m debt facility with NIBC Bank. This has been drawn down in full to finance its Cock Hill and Llwyndu projects (the total investment in the projects combined amounts to £32.7m). The facility has a 12-month duration, with a further 12-month extension available. The company also has a £31.5m revolving credit facility with Macquarie Bank of which £24m is currently drawn down.
NextEnergy Solar secures finance for Cock Hill and Llwyndu projects : NESF