Macquarie Infrastructure finances 29 MW UK solar farm

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Investment group Macquarie Infrastructure Debt Investment Solutions (MIDIS) has financed a new, 29 MW solar PV plant in south Wales, U.K., for Quercus Assets Selection.

The £21.5 million ($33.2 million) project utilizes 113,000 solar panels and is located across 56 hectares of land in Pembrokeshire, southwest Wales. A 15-year power purchase agreement (PPA) has been agreed with Norwegian utility company Statkraft.

Financing has been approved via a split index-lined and fixed-rate tranche, allowing project owner Quercus Assets Selection to spread the cost of the facility across a 19-year financing term, covering the construction and operational periods.

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