Good Energy Wins Lloyds TSB Loan for Solar, Wind Plans in U.K.
Good Energy Group Plc (GOOD), 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.
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