Wirsol Energy has closed a deal with BayernLB to refinance 10 solar parks totalling 61MW with debt of approximately £46m.
The deal is based on 18-year non-recourse financing coupled with a Statkraft power purchase agreement.
Wirsol managing director Mark Hogan said: “We are clearly very pleased to have both successfully closed the refinancing of these solar parks, at the time of financial close four had been connected with the remaining size being connected well before end of March (renewables obligation) deadline.”
BayernLB senior director of project finance Karin Schramm said: “We are delighted to have closed this second round of financing of the 10 solar parks and now look forward to new projects with the team.”
Image: Morgue File
