Voltalia UK has raised £18.9m of new loan funding from Triodos Bank UK, which will enable the energy producer to construct a new, subsidy-free photovoltaic plant with a capacity of 34MW near Scarborough, North Yorkshire. Voltalia’s £20m finance package consists of a construction and long-term operating loan of up to £18.9 million and a Debt Service Reserve Facility (DSRF) of €1.1 million. Construction is currently underway, and the plant is scheduled for commissioning by the end of 2025. Once complete, the Eastgate Solar project will feature 62,500 solar panels. The…
Read MoreVoltalia UK secures Triodos Bank UK funding for 34MW photovoltaic plant near Scarborough
