Triodos Bank has provided a £5.25m loan to the Awel Co-op community wind farm in Wales.
The loan has a 15-year term, the co-op said.
The co-op has also decided to extend its share offer until the end of July or until it reaches its target of £3m.
The money will be used to refinance a Welsh government loan of £1.2m.
Awel said the interest rate for the shares will remain 5% a year in order to reach the £3m target “as soon as possible”.
Awel co-op director Dan McCallum said: “We are delighted that Triodos, the leading ethical bank in the UK, have decided to provide a 15-year loan to us.
“They awarded the loan after an extensive due diligence process on the wind farm.”
Image: Awel
