Hanwha Q CELLS, a provider of photovoltaic modules and solutions, has closed the financing of another solar project in the UK with Bayerische Landesbank.
The Tower Hill Farms (8.1 MW) is located in Gloucestershire and was connected in March 2015.
The project is entitled for UK Government’s Renewable Obligation scheme, under which it receives Renewable Obligation Certificates (ROCs) for 20 years.
After having successfully raised financing for both Fenland Farms and Green End in July 2015, Tower Hill Farms is the third project of Hanwha Q CELLS’ project-portfolio in the UK that has been provided with a non-recourse loan by Bayern LB this year, the company said.
EDF Energy, the UK’s largest producer of low-carbon electricity has entered into a 15 year distributed generation purchase agreement with Tower Hill Farms.
Rajani Baburajan
editor@greentechlead.com