Eaga has secured a £300 million loan from a group of banks, including HSBC, Lloyds Banking Group and Santander, Reuters reports. The investment includes £75 million in equity and £225 million in debt financing for the U.K. energy efficiency specialist.
The equity will be invested in a newly created special purpose vehicle to back a solar panel scheme. Eaga has already signed some agreements with public housing landlords to install its photovoltaic systems.
Click here for the story from Reuters.
Click here for additional coverage from Energy Efficiency News.