Primrose Solar refinances 49MW Hampshire solar farm with GBP 42 million senior loan from Deutsche Bank

Primrose Solar has agreed a £42 million debt financing with Deutsche Bank in order to refinance its Eveley solar farm in Hampshire. The funds have been loaned on an 18-24 month term.

At 49 MW, Eveley is one of the largest privately-owned solar farms in the UK. Primrose acquired the full project rights to Eveley in December last year from PS Renewables, working in partnership with PS Renewables as EPC to build the project under tight time scales.
Eveley was connected to the grid in March 2016 and it is now fully accredited. It will generate enough power to supply the equivalent of 15,000 typical homes and save around 21,500 tonnes of carbon dioxide per year.