Shawton Energy secures £5.4 million Triodos loan to build solar farm
A £5.4 million loan from Bristol-based Triodos Bank will enable rooftop solar expert Shawton Energy to build its first ground-mounted solar farm.
Construction at the the facility in Pembrokeshire is already underway, with plans for the new solar farm to be operational by the end of 2025.
The solar farm will generate 8.6MWp of clean electricity.
Jamie Shaw, founder and managing director of Shawton Energy, said: “We’re thrilled to receive the support and financing from a bank like Triodos.
“Our mission at Shawton Energy is to enable businesses across the UK to access cheaper, greener energy through innovative solutions and this loan will enable us to expand our portfolio and introduce ground-mounted technology to our solutions.”
Chris Cullen, senior relationship manager at Triodos Bank UK, added: “We’re delighted to be supporting Shawton Energy in its plans to build the first ground-mounted solar farm in its portfolio.
“This innovative approach through a VPPA helped unlock the financing of this project as it provides predictable revenue streams and secures the financial future of the project.
“Unlike traditional power purchase agreements, a VPPA operates as a long-term electricity price hedging agreement.”
“Both Triodos Bank and Shawton Energy share the vision of accelerating the transition to a greener and cleaner energy system for all, and it’s only through financing projects like this will we realise that vision and the change we want to see in the energy sector.”
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