Eaga has signed a £300-million equity and debt financing agreement to help it install solar panels on more than 30,000 homes across the U.K., reports Solar Power Portal.

Debt financing from HSBC, Lloyds, National Australia Bank Limited, RBS and Santander will make up £225 million of the sum, while equity investment from Eaga, HSBC Environmental Infrastructure Fund and Barclays European Infrastructure Fund II accounts for the remaining £75 million. Eaga will be responsible for installing and providing maintenance for the systems.

“I am delighted that we have completed the finance raising of this ground breaking project which has been made possible by the support of all of our financing partners,” said Eaga’s chief executive, Drew Johnson.

source: pv-tech

Advertisements