Power News We love to talk!
Irish solar company BNRG Renewables has completed construction of 20 MW solar projects in the UK, in partnership with the UK-based Langmead Group. The project was funded by HSBC.
Mark Frettingham, HSBC Area Director for Corporate Banking in Sussex, said: "HSBC provided just under 20 million of funding to support BNRG's latest solar energy expansion. This consisted of four term loans to allow the company to complete each of the four new solar farms which, now finished, have a combined value of 29 million and created 140 full time jobs for one year.
"HSBC is pleased to play its part in BNRG's expansion, particularly with the positive benefits the projects will have on the environment."
In addition to providing carbon a reduction to the tune of 10,500 tonnes per year, the four projects built on a cumulative 110 acres will together produce enough electricity to power over 6,500 homes annually for 30 years.
The main construction contractor was Solarcentury, a London based engineering, procurement and construction contractor specialising in solar projects. The 78,000 solar PV panels required for the projects were supplied by Tata Power Solar.
Through these projects BNRG has become Tata Power Solar's largest international client in 2015, by providing nearly 20 MW of panels to BNRG.
Ashish Khanna, ED & CEO Tata Power said "UK has seen extraordinary growth in 2015 for solar installations and we see huge potential going forward with BNRG, even in other geographies."
- Process for appointment of Coal India CMD on: Piyush Goyal Read more
- India wont need extra power plants for next three years, says government report Read more
- India may add 6,000 MW wind power capacity in FY'18: IWTMA Read more
- Discom debt recast a bailout for lenders? Read more
- Rajasthan lags behind neighbouring states in solar power projects Read more
- MERC notice to Tata Power on petitions Read more
- Tech Mahindras internal microgrid startup signs MoU with Himachal State Electricity Board Read more
- CPP Investment Board to buy 15 per cent in ReNew Power Ventures Read more
- Telangana awaits final report on power sharing Read more
- India surpassed by Chile in green ranking as Narendra Modi seeks funds Read more