Good Energy Wins Lloyds TSB Loan for Solar, Wind Plans in U.K.

April 29 (Bloomberg) -- Good Energy Group Plc, a British renewable-power supplier, won a 7.5 million-pound ($12 million) loan from Lloyds TSB Bank Plc to advance its wind and solar project plans.

The three-year revolving loan combined with a current overdraft facility gives the Wiltshire-based company 10.5 million pounds in total from Lloyds, Good Energy said today in a statement.

The company will use the loan to advance its solar and wind projects with longer development times requiring funding flexibility, Garry Peagam, finance director, said in the statement.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net