Renewable energy firm Innova has secured a 拢40m debt facility to support its growth plans.
The company, which has offices in London and Cheltenham, has more than 60 sites under development in the 海角视频, with a combined solar and storage capacity in excess of 24GW.
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Innova said the loan from investment firm Triple Point, would provide funding to support a diverse range of projects, at various development stages.
Triple Point previously provided Innova with debt funding for some of its operational subsidised solar assets.
Steve Gordon, head of corporate at Triple Point, said: 鈥淲e have a strong, long-standing relationship with Innova, and this significant deal represents an exceptional opportunity 鈥 supporting the acceleration of the energy transition industry and backing one of the 海角视频鈥檚 leading operators.鈥
Daniel Mushin, investment director at Innova, added: 鈥淭his facility with Triple Point represents an exciting milestone in Innova鈥檚 mission to help the 海角视频 meet its Net Zero targets by providing significant funding towards our accelerated growth in 海角视频 Solar and ESS.
鈥淲e are delighted to continue our collaboration with Triple Point on this facility, and we look forward to seeing how our already long-standing relationship continues to develop for the future.鈥
