Ethical Power has agreed a loan facility with CH1 Investment Partners that will enable it to acquire 10 energy projects with a combined capacity of over 250MW.
The 10 projects include solar, battery and co-located projects across west and central England said to be at the advanced development stage. The 24-month facility is secured by a charge across these assets. This loan facility follows the acquisition of Public Power Solutions by Ethical Power.
Commenting on the loan agreement, Stephen Williams, Chief Financial Officer of Ethical Power, said: “We are pleased to have secured this loan facility from CH1 which is a testament of their continued trust in Ethical Power’s expertise and ability to maximize the value of renewable energy projects. With this strategic partnership, we are well-positioned to drive forward our commitment to delivering exceptional sustainable energy solutions.”