Pacific Green Technologies Inc. announced that it has reached financial close on a £120 million (USD 146 million) senior debt facility for Pacific Green?s 249 MW /373.5 MWh Sheaf Energy Park battery energy storage system in Kent, England (Sheaf Energy Park). The Facility is provided by a two-bank syndicate, with National Westminster Bank plc (NatWest) and UK Infrastructure Bank Limited (UKIB) contributing £60 million (USD 73 million) each. The Facility will be used to fund the development and construction of Sheaf Energy Park, following which repayment will occur on a 10 year amortization profile upon the start of commercial operations.
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- Pacific Green Technologies Inc. Reaches Financial Close for £120 Million of Funding for its 249 MW / 373.5 MWh Sheaf Energy Park Battery Development