German lender BayernLB has provided about £30m in project financing for eight solar parks owned by asset manager Luxcara in England and Wales.
The long-term loans will fund projects with up to 5MW each across five sites, BayernLB´s legal adviser Watson Farley & Williams said.
The facilities are located in Thorne and Arkwright in England as well as Llancadle, Teyrdan and Hafod in Wales.
Half of the Arkwright, Teyrdan and Hafod projects are owned by community interest companies – a type of UK business that aims to use its profits and assets for the public good.
All were acquired by German asset manager Luxcara for its institutional investor funds.
The funding has been partly refinanced by KfW, the German state-owned lender.
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