U.S., Sept. 23 -- Innova Energy has secured 30 million pounds of debt funding from NatWest to finance a mixed portfolio of UK rooftop and ground-mounted solar PV1 projects with a total installed capacity of 57 MW.
The funding makes up part of NatWest's commitment to provide 20bn pounds of funding for climate and sustainable finance by the end of 2022 to accelerate the transition to a low carbon economy. This transaction represents one of the first SONIA4 based loans for a project finance funding requirement.
The portfolio of solar projects is part of Innova's strategy and commitment to invest in quality assets generating green power across a diverse range UK sites, including selling power to industrial and commercial customers. The proje...