联合王国-based solar energy company,Solarcentury, has secured new financing to build two of the largest solar plants in Spain.
联合王国 Export Finance (UKEF), the UK’s export credit agency, has guaranteed £47.6 million worth of financing forSolarcentury, in a boost to UK solar exports.
Together, the developments will generate enough energy to power more than a quarter of a million homes each year with renewable energy.
The new banking facilities comprise a £24.7 million trade loan facility from NatWest and a £22.9 million guarantees line from HSBC UK, with both sources of funding supported by UK Export Finance. UKEF’s support will allowSolarcenturyto access the working capital and bond support needed to fulfil the contracts.
THE UK’s International Trade Secretary Liz Truss said: “British companies are taking the lead in developing solutions that tackle climate change and provide clean energy to thousands.
“I’m glad to see that this – underpinned by the UK’s legally binding commitment to end our contribution to climate change by 2050 – is bearing fruit on the international stage for exporters.
“We must focus on a low-carbon future and my department is ready to help what will become a very important part of the economy sell overseas.”
The funding will secure the construction of two of the largest private subsidy-free solar developments in Spain to date:
Solarcentury, headquartered in London, has been selling renewable energy solutions for 21 years. The company’s continued focus on its overseas business strategy means that exports now account for 90% of all sales.
There are now approximately 400,000 people working in green collar jobs in the UK, increasing the national income while reducing emissions. This could climb to two million by 2030.
Neil Perry, Chief Financial Officer ofSolarcentury, said: “Today’s announcement is testament to the strength of our business,Solarcentury’sunrivalled experience in developing and building large-scale infrastructure projects globally, and the significant investment potential of subsidy-free solar in Europe.”
With the project financing in place alongside these new facilities, construction has now begun on the landmark塔莱韦拉项目。 Together with Cabrera Solar, where building commenced in July, these are two of the largest solar energy generation plants ever to be developed in Spain and among the most important in Europe, generating employment, respecting the environment and boosting the regional economy.
我们与银行合作，以确保Solarcentury有支持的程度需要提供这两个实质性的太阳能项目。 UKEF’s support highlights that UK companies are well placed to win overseas contracts and exports in renewable and clean growth projects.”
罗伯特·金，可持续发展部主管汇丰银行英国，说：“汇丰银行英国已致力于在可持续金融的领导者，我们很高兴能有提供Solarcentury的设施，这将使零碳太阳能发电的建设在西班牙和帮助实现 their continued growth ambitions.
德鲁·海斯，关系总监国民西敏寺银行，说：“国民西敏寺银行很高兴能支持Solarcentury这一新的银行融资。 Our close working relationship with UKEF played a key role in enabling us to develop a bespoke funding package for this important project. We are committed to becoming a more sustainable bank and supporting our key customers in this sector is an important part of this.
它的存在，以确保没有可行的英国出口缺乏对金融或保险从私人市场。 It provides finance and insurance to help exporters win, fulfil and ensure they get paid for export contracts.