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

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.

Before it's here, it's on the Bloomberg Terminal.