US duo secure £70m UK solar energy loan
Two US companies have secured financing to build five large-scale solar power plants in the UK.
Santander and Bayerische Landesbank each provided £35 million, with a tenor of two years, bringing the total amount to £70 million.
The projects, to be built by SunEdison and TerraForm Power, will generate 85.2MW of electricity in total – enough to power more than 26,000 homes.
Jose Perez, President of SunEdison EMEA and Latin America said: “We are pleased to partner with Santander and Bayerische Landesbank in this portfolio of projects that will supply the UK market with more renewable energy generation from a competitive and low carbon source.”
The projects are expected to be completed early next year.
- solar power, UK, US
Article source: http://www.energylivenews.com/2015/01/22/us-duo-secure-70m-uk-solar-energy-loan/
