Business
New EUR 5m Funding Facility with Solas Capital
New EUR 5m Funding Facility with Solas Capital.
About this update from Eenergy Group Plc
[{"type":"text","content":"\n\n7 June 2023\n \neEnergy Group plc\n(\"eEnergy\" or \"the Group\")\n \nNew €5m Funding Facility with Solas Capital\n \neEnergy (AIM: EAAS), the net zero energy services provider, is pleased to announce that the Group has entered into a new €5 million two-year project funding facility (the \"Facility\") with Solas Capital to finance LED lighting projects in Ireland.\nThis facility replaces previous project funding arrangements in Ireland and gives greater certainty on funding eligible lighting projects at similar costs of capital.\nSolas Capital is a specialist investment advisory firm founded and managed by professionals from the energy efficiency financing sector. The Facility is being provided through the Solas Sustainable Energy Fund, which is supported by the European Investment Bank, the Ireland Strategic Investment Fund, and the LIFE-programme of the European Commission.\nPaul Kearney, Partner at Solas Capital AG says: \"We're delighted to work with eEnergy to enable a financing solution for their portfolio of energy efficient lighting projects in Ireland. This partnership will deliver energy savings both in the public and commercial sectors. We believe that eEnergy's strong track record in delivering EaaS, and in particular their expertise in LED-lighting installations in the education sector, establishes them as a leader in the market.\"\nHarvey Sinclair, CEO of eEnergy, commented: \"I am delighted that we have secured this funding with an exciting new partner. Solas' mission to support the move to a carbon neutral society goes hand in hand with our mission to help customers moving towards Net Zero and beyond. The New Facility is a reflection of Solas' confidence in eEnergy's recent performance and also a firm commitment to our continued growth and strategic direction.\"\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person responsible for arranging for the release of this announcement on behalf of eEnergy is Harvey Sinclair, Chief Executive Officer.\n \nContacts:\n\n\n\neEnergy Group plc\n\n\nTel: +44 20 7078 9564\n\n\n\n\nHarvey Sinclair, Chief Executive Officer\nCrispin Goldsmith, Chief Financial Officer\n \n\n\[email protected] ; www.eenergyplc.com\n\n\n\n\nSinger Capital Markets (Nominated Advi...