Cameron Hayes, Asset Finance Advisor at Arc & Co. has successfully arranged an initial £20m per annum equity facility for Industria Resources.
Industria Resources specialise in the conversion of agricultural and other land into land ready for commercial, residential and solar use. The Group aims to promote and construct individual solar projects, targeting an average of 20-30 sites per year. The GreenVolt Group are a 50% shareholder.
The equity investor, a UK-based family office has formed a new joint venture with Industria Resources and will advance an initial investment of £20m. The investment will be used to take sites through the planning process on promotion/option agreements, as well as funding all OPEX costs associated with expanding the business operation. The partnership aims to establish Industria Resources as one of the leading UK developers for large scale ground mounted solar parks and battery systems.
Udo Eisenmenger, CEO GreenVolt Group and MD of Industria Resources commented:
“We were delighted to get this equity facility in place. Cameron was on top of the deal throughout, from the initial introduction and due diligence to establishing the platform for its growth over the next few years. His dedication ensured everything fell into place and we look forward to working with Arc & Co. as our strategy progresses.”
Cameron Hayes commented:
“Great to see this across the line with Industria. Hopefully this will pave the way for Udo and the team to build out a larger portfolio and unlock more sites for solar energy over the coming years.”
The partnership will aim to provide 1-2GW of renewable energy to the UK market within the first few years of establishing – powering energy to c.250,000 homes and businesses. The investment comes at a key time where the renewable energy market is gaining significant momentum and forms part of the Governments strategy in transitioning away from fossil fuels and towards renewable energy solutions. The equity provider is a specialist in providing alternative credit solutions across Renewables, Real Estate and Fintech.