Good Energy Group obtains £45 million debt facility from GCP Infrastructure for wind, solar projects

By Lisa Kerner

Charlotte, N.C., Dec. 18 – Good Energy Group plc secured a nonrecourse debt financing facility of up to £45 million from GCP Infrastructure Investments Ltd., according to a company filing with the London Stock Exchange.

The facility has a term of about 19 years and a fixed rate of interest, with interest charges beginning on draw-down, said GCP.

GCP will advance £19 million at completion, and the remainder is expected to be drawn down over the next several months, subject to specified conditions.

The facility will be issued to the company’s subsidiary, Good Energy Group, by GCP Green Energy 1 Ltd.

According to Good Energy, the facility will be used to refinance the existing debt facility on the Hampole wind farm and its two existing operational solar sites. It will also support further development and construction of Good Energy’s solar generation portfolio, bringing the total capacity of wind and solar to 42MW.

Good Energy is a renewable electricity supplier and generator based in Wiltshire, England.

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