Quercus Secures Financing for 29-MW Welsh Solar Project

Quercus Assets Selection has secured financing from Macquarie Infrastructure Debt Investment Solutions for its 29-megawatt ground-mounted solar photovoltaic project in Pembrokeshire, Wales.

The £21.5 million (US$33 million) facility is split into index linked and fixed rate tranches.  It will provide Quercus, a renewable energy infrastructure asset manager, with a 19-year financing, spanning both the construction and operational periods.

The project which comprises 113,000 solar panels has a 15-year power-purchase arrangement with Norwegian utility, Statkraft.

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