Highfield Solar has received €160m debt financing to fund the construction and operation of two solar PV projects in Ireland, with a total installed capacity of 282MW.
Lenders including Coöperatieve Rabobank, Landesbank Baden-Württemberg (LBBW) and Norddeutsche Landesbank offered one third of the senior debt each. The debt facility contains a mix of KFW and commercial loans.
Established in 2014, Highfield Solar is a joint venture of Irish company Highfield Energy, Germany-based ib vogt and UK-based Aura Power. The company has secured financing for the Rosspile and the Gillinstown solar projects.
With a total capacity of 141MW, the Rosspile solar PV plant is planned to be built on a site spanning around 140ha, near the village of Foulksmills in County Wexford.
The Gillinstown solar PV plant with the same capacity is to be located on a site spanning 123ha near the village of Duleek, County Meath.
Both the PV projects are designed to leverage high-capacity bi-facial modules on fixed-tilt support structures to deliver optimised land use and efficiency.
Highfield Solar has already started work on the grid connection infrastructure, with the completion of construction at Rosspile planned for 2022 and Gillinstown for October 2022.
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