Climate ER bags funs to develop GBP 250m worth of UK solar projects

UK-focused solar developer Climate ER announced on Monday it has obtained financing to develop utility-scale solar projects with a combined value of about GBP 250 million (USD 322m/EUR 271m).

The company said it has already deployed early funds to start the immediate development of 80 MW of grid-secured projects after sealing a deal with an unnamed solar investor “of global repute.” More such developments are expected in the final quarter of the year.

Climate ER further noted that with access to further funding tranches, it will seek to secure rights for at least 500 MW of shovel-ready projects over the next 24 months.

"Our team has worked diligently over the past 18 months to forge strong relationships with landowners and our development partners. We are now in a position to accelerate active development across multiple sites," said planning and development director Owen Saward.

(GBP 1.0 = USD 1.289/EUR 1.084)

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