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Aura Power secures $41m project financing from Rabobank

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The Burtree Lane project marks the second in Aura Power's 400 MWp+ ready-to-build solar portfolio to achieve financial close with Rabobank.
Aura Power, a renewable energy company, has secured a £41 million project financing facility from Rabobank to support the development of its 49.9MW solar farm in the UK, known as the Creyke Beck project. This funding will cover the construction and operation of the solar farm, which is expected to generate enough clean energy to power approximately 15,000 homes annually. The project is part of Aura Power's broader strategy to expand its renewable energy portfolio and contribute to the UK's net zero emissions targets. The financing deal with Rabobank, a Dutch multinational banking and financial services company, underscores the growing investor confidence in renewable energy projects and highlights the role of financial institutions in supporting the transition to sustainable energy sources.

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[ https://www.msn.com/en-us/money/general/aura-power-secures-41m-project-financing-from-rabobank/ar-AA1z59LU ]