Solar panel provider ASG secures infrastructure debt financing

Macquarie Infrastructure Debt Investment Solutions (MIDIS) has provided £155 million in finance to a private residential and commercial solar panel operator, A Shade Greener (ASG). The funds will be used to refinance portfolios of ASG’s operational free solar assets.

MIDIS senior vice president, Kit Hamilton, said: “The UK solar PV sector is supported by an established and stable regulatory framework and we are delighted to partner with the leading free solar operator in the industry. The ASG financing represents excellent assets for our pension fund and insurance investors on whose behalf we are sourcing long-term, stable assets in defensive infrastructure sectors.”

MIDIS, part of Macquarie Group, invests in infrastructure debt for a range of global institutional investors. As at March 2015 it has raised total commitments over £1 billion for its UK inflation-linked debt strategy and has invested in renewable energy assets with a combined annual output of 270,000 megawatt hours, capable of providing electricity to around 65,000 UK households.