The loan facility was agreed with CH1 Investment Partners LLP (“CH1”) for a term of up to 24 months. The facility was put in place to fund the acquisition of assets at advanced development stages and is secured by a charge across these assets. It covers 10 projects with a combined capacity of over 250MW including solar, BESS and co-located projects across West and Central England.
Ethical Power is a renewable energy company with end-to-end expertise and control across the value chain. This loan facility follows the earlier acquisition of Public Power Solutions, further strengthening Ethical Power's portfolio.
Commenting on the loan agreement, Stephen Williams, Chief Financial Officer of Ethical Power, said: "We are pleased to have secured this loan facility from CH1 which is a testament of their continued trust in Ethical Power's expertise and ability to maximize the value of renewable energy projects. With this strategic partnership, we are well-positioned to drive forward our commitment to delivering exceptional sustainable energy solutions."
Matthew Evans, Founding Partner of CH1, comments: “We are happy to partner with Ethical Power again and support their solar and storage developments through this loan facility. We look forward to witnessing the successful implementation of these projects and the positive impact they will have.”
As a bespoke investment solutions provider, CH1 specialises in single company or asset investments and has a noteworthy history of investments in the energy sector. Their support further reinforces Ethical Power's position as a trusted partner in the renewable energy industry.
Ethical Power's holistic and consolidated approach to utility-scale projects has been recognized by partners and investors alike. Through their unique ability to add value at every stage of renewable energy development, Ethical Power continues to drive the transition towards a sustainable and greener future.
Notes to Editors:
About Ethical Power
Ethical Power is a vertically integrated sustainable infrastructure company specialising in utility-scale solar and battery storage projects. With competency across the entire project life cycle, from design through construction and grid connection to asset management, Ethical Power can optimise operations along the value chain and has a proven track record of delivering best-quality and highest-performing renewable energy assets in the UK. Ethical Power is quickly expanding to international markets with a growing pipeline of projects across Spain, Greece, Poland and New Zealand.
CH1 Investment Partners LLP ("CH1") provides bespoke investment solutions to High Net Worth, Professional and Sophisticated Investors. Over the last seven years, CH1 has raised over £500 million pounds in Enterprise Investment Scheme qualifying Companies, structured debt (asset backed loan notes), individual commercial and residential property and Venture Capital Trusts.
For more information visit www.ch-1.co.uk
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