News Article

Cubico Sustainable Raises £272 Million For Portfolio Refinancing In UK


Cubico Sustainable Investments (“Cubico”), a global leader in renewable energy, has announced that it has completed the refinancing of 17 onshore wind and solar PV projects in the UK. All projects are fully operational and reached commercial operations between 2013-2016. The portfolio is comprised of a mixture of ROC accredited and Feed-in Tariff projects.

The total amount of non-recourse, long term project finance debt raised was GBP 258 million with a GBP 14 million debt service reserve facility. The bank club is comprised of the following Mandated Lead Arrangers (“MLAs”): National Australia Bank, Siemens Financial Services through its in-house bank Siemens Bank, ING Bank and Landesbank Hessen-Thüringen (“Helaba”). The new facility matures in 2035.

The financing was structured as an open-ended portfolio to permit the inclusion of further renewable energy assets and is intended to provide an efficient method to finance future projects.

The MLAs were advised by Eversheds Sutherland (Legal), Natural Power Consultants (Technical), Willis (Insurance), Mazars (Tax and Accounting) and Mazars (Model Audit).

Cubico was advised by Watson Farley Williams (Legal) and JCRA (Hedging).

David Swindin, Head of EMEA at Cubico, said “This will be one of the largest portfolio financings closed in the UK market this year and we are very pleased with the great level of interest shown from our banking group”.

Cracks In Perovskite Films Easily Healed, Study Finds
SolarEdge Intensifying Activity In The Japanese Market With Receipt Of JET Certification
What Impact Could The Government’s New Building Regulations Have On Energy Targets?
Everoze Advises On +100MW Wind And Solar Portfolio Refinancing
SolarEdge To Supply Enfindus With Inverters For 1GW Of European Solar Projects
Researchers Advance CdTe Production
Ingeteam Launches Battery Inverter With Two Solar PV Inputs
DCS Launches Largest EV Charging Roaming Service In The UK
Waxman Energy Appoint New Southern Sales Executive
Cornwall Insight Ireland: RESS Will See Projects Jostle For Limited Capacity
Foresight Appoints Steven Hughes As Director And Head Of Portfolio
ValkPro+ Mounting System Approved For Installation On Flat Roofs With ROCKWOOL Roof Insulation
BayWa R.e. Delivers The First Operational Solar Park Won In Malaysia’s LSS2 Auction
ZSW To Delve Further Into Solar Cell Anatomy
PV Modules With An Innovative Frame Design
Gresham House Energy Storage Boosts Portfolio By 39%
Flisom Chooses LayTec For CIGS Quality Control
Fourth Fundraise Secured By Elgin Energy
Solarif Insurance Available For Vikram Solar PV Modules
Gresham House Acquires 12MW Bumpers Battery-ready Solar Farm From Anesco
JenaBatteries And BASF Cooperate In The Development Of Innovative Power Storage Technology
Solar Module Generates 326 W Per Square Metre
Anesco’s O&M Team Secures 10 New Solar Farm Contracts
ABB To Deliver 90 Transformers To MHI Vestas’ Offshore Wind Farm In The UK

Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Smart Solar Magazine, the Smart Solar Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: