National Australia Bank is to loan SPower almost $48m to finance four solar parks in the UK totalling 33.5MW.
SPower owns and operates the parks, which are supported by the Renewables Obligation scheme.
London-based independent financial advisory firm Elgar Middleton was financial advisor to SPower and helped manage the transaction from term sheet execution to close.
SPower chief executive officer Ryan Creamer said: “The deal with NAB provides SPower with access to flexible and attractive capital.”
Image: SPower
