Lightsource and its financial adviser, The Royal Bank of Scotland, refinanced the 101MW portfolio of 33 ground-mounted solar assets, each accredited under the UK government’s feed-in tariff subsidy scheme.
The developer says the transaction represents the company’s first move into the long-dated institutional market. The deal sees M&G Investments provide £247m of 22-year inflation linked finance with AMP Capital providing a £37m, eight-year mezzanine facility.
“We
