 |
|
Green energy firm raises £32 million
Ecotricity, a green energy provider, has raised £32 million to build five new wind farms in the UK. The funding will enable the company to expand and build on its existing infrastructure to more than double its generating capacity.
“In this next decade we aim to have built about 1,000 MW of wind power,” said managing director Dale Vince.
McGrigors LLP advised Ecotricity on the financing, which was provided by German bank Nord LB.
McGrigors partner Euan McVicar said: “We’re pleased to have been involved on this transaction, which will take Ecotricity into the next phase of its development. This successful financing is one of many in which we are involved, acting for both sponsors and senior lenders, in what is a busy market for renewables.”
The Stroud-based energy company had a turnover of £14 million this year and serves more than 30,000 customers in the UK.
People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008 - Sowing the seed Mar 03 2008
M&A News
- AIG invests in Brazillian engineering firm Sep 05 2008
- UK M&A in depressed state Sep 05 2008
- Nomura completes Moser Baer investment Sep 04 2008
- GDF Suez looks west
Sep 04 2008 - AFS completes Motek acquisition Sep 03 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- TWMA in seven-figure deal Sep 05 2008
- Italian’s drink to BevEx deal Sep 05 2008
- Capital Funds' double helping Sep 04 2008
- Vodafone extends Australian coverage Sep 04 2008
- Close Brothers adds chemical
firm to portfolio Sep 03 2008
Business Diary
- Rosenblatt New Energy Awards 2009 27th February
- Enterprise Security 2008 25th September
- European Semantic Technology Conference 2008 24th September
- Business XL How to float on AIM 11th September
- Investor AllStars Venture Capital Awards 2008 16th September