United kingdom's leading solar generator secures £103m resourcing package from RBS

Lightsource claim acquisition of 14 solar sites

The most important UK's leading utility scale photovoltaic developer, Lightsource, has secured a trustworthy £103m term loan for the purchase of 14 UK solar energy plants. The most important large-scale solar farms, which includes thirteen ground mounted PV systems anyone commercial roof top installation, is going to generate enough green electricity to allow them to power over 11, 000 property owners. RBS has an established presence within the uk solar market, having funded out there 500MWp utility scale and solar power solar transactions to date, acted on the grounds that arranger, account bank, hedging credit, facility agent and security trustee. This latest deal represents an important transaction in the UK to support large scale power from the sun projects. Paul McCartie, Finance Movie director for Lightsource said: "We hold a strong appetite for development along with a significant pipeline. RBS has proved to be an exceptional, supportive partner and we have got appreciated its strong market past experiences and commitment. " Craig Are fond of who is a Director on the And also & Structured Corporate Financing, RBS, commentsed "We are delighted compliment this project which represents an essential deal for Royal Bank most typically associated with Scotland, and further endorses the expertise of conduct. "We highly value the relationship changed with Lightsource through this convention and earlier financings. We have a trustworthy pipeline of deals in the UK superficie space that we are currently working on in particular further large scale projects under the Renewables Obligation and rooftop projects brand name Feed-In Tariff regime. "

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