In solar, we have secured funding for the delivery of over 130 MW of utility scale projects – through a mixture of project and vendor finance. These projects have subsequently been sold to organizations such as Foresight Group, BayWa, Hanwha Q Cells and Ingenious Group.
In 2012, AGR and Investec Bank entered into a portfolio loan facility designed to fund the construction and delivery of individual Feed-in-Tariff wind projects across the UK.
Further funding was secured through Golden Square Energy, our joint venture with the Ingenious Group, to build out our portfolio of wind projects and grow the portfolio through acquisitions of consented and operational projects.
In Q4 2015 we refinanced the operational FiT wind portfolio, through a fully amortizing long-term debt facility, with BayernLB, raising over £66m of debt.