AGR is pleased to announce it has secured a senior secured debt facility provided by Investec Private Capital.The teams have been working closely together to structure a bespoke financing package that provides AGR with strategic funding for its near-term development pipeline in the UK and Europe.
Oliver Breidt, co-founder and director of AGR, commented:
“We are delighted to work with Investec on another meaningful financial commitment towards AGR’s growing pipeline. The development facility will allow us to expand our near-term solar and BESS strategy and pursue new technologies in the UK and EU markets. This transaction is a testament to AGR and Investec’s relationship and our commitments towards meeting UK’s net-zero targets.”
Gulzar Hanspal and Lukas Matijosaitis who structured and executed the deal from Investec's Private Capital team, commented:
"This transaction provides a continued vote of confidence in the financing of early-stage European renewable energy projects in the post-subsidy era. We are very pleased to have provided AGR with this debt facility and look forward to providing continued support to the management team on the delivery of its growth ambitions."