Lux Nova advises Mongoose on UK’s largest community energy deal

Mongoose Energy has just completed the financing of Warkwickshire’s 15MW Drayton Manor “solar plus battery” farm, targeting almost £5m in local community benefits over the project’s lifetime.

Mongoose Energy, advised by Lux Nova Partners, secured funding for three UK solar farms at Drayton Manor on 27 July with bridge financing provided by Social & Sustainable Capital (SASC) and senior debt provided by Close Brothers.

Robert Rabinowitz, Head of Generation at Mongoose Energy, said: “This transaction is just the beginning of a process to maximise the community benefit that we can achieve from these assets. We are also keen to acquire more community interest company (CIC) solar sites and urge commercial owners of such sites to get in contact so that we can help them to put such assets where they belong, into community ownership.”

For more information: http://mongoose.energy/mongoose-energy-completes-uks-biggest-ever-community-energy-deal/

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