Ingenious Clean Energy: Financing of £31 million portfolio of solar parks completed

Ingenious Clean Energy has completed the financing of a £31m portfolio of three solar parks, including £18m in debt-finance from Barclays.

The solar parks are:

• Grange Farm in Somerset (Ingenious Renewable Energy EIS Fund)

• Canada Farm in Dorset (Ingenious Renewable Energy EIS 2)

• Nanteague Farm in Cornwall (Ingenious Renewable Energy EIS 2)

The solar plants are expected to generate renewable electricity for twenty years with predictable, index linked revenue streams which will include ROCs.

The deal was led by Jonathan Dunn and Simon Colver for Ingenious.