Ross Grier, COO and Head of UK Investments, NextEnergy Capital, commented:
“We are pleased to have secured similar terms on NextEnergy Solar Fund’s primary revolving credit facility. As we have previously indicated, we continue to observe significant lender interest in providing debt to the solar infrastructure sector across the geographies we are active in. This refinancing demonstrates lenders’ continued appetite to provide facilities against utility-scale solar assets in the UK on attractive terms. NESF maintains a disciplined approach to its capital structure and the sale of assets within the current capital recycling programme remain a key priority for the Company, the proceeds of which will be used to pay down existing RCF borrowings.”
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