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Gerlan hydro repays early

February 17th, 2014 | 11:05 am

CO2Sense are pleased to confirm that the £300,000 investment in the 1MW Gerlan hydro project in North Wales has been repaid ahead of schedule. The developer, Derwent Hydro Power Limited (DHPL), originally planned to repay the loan over a five year term, but having successfully refinanced the project after commissioning in autumn 2013 agreed an early repayment with CO2Sense.


The finance from CO2Sense was structured to enable and incentivise an early repayment during the first 2 years of the contract. This flexibility enabled DHPL to complete the project before the FiT degression cuts came into force.


This successful refinancing effort reflects the creditability that hydro schemes, have with traditional lenders once operational yet construction finance for small projects can be a challenge to secure.


Gerlan is one of many projects to utilise our finance in this way. Construction finance is one of our core products, designed to enable projects to be commission projects quickly and efficiently. If you are interested in our construction loans please contact Kulraj Heer on kulraj.heer@co2sense.co.uk or 0113 247 3848.

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