TNB’S unit completes RM1.56bil financing exercise involving UK solar power plants

Tenaga Nasional Bhd president/chief executive officer Datuk Baharin Din

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) wholly-owned subsidiary Vantage RE Ltd has completed a 275 million-pound (RM1.56 billion) financing exercise through refinancing of its Vantage Solar UK (VSUK) portfolio of solar power plants in the United Kingdom (UK).

The financing facility with Macquarie Asset Management, arranged by Standard Chartered Bank, is part of Vantage RE’s management initiative to optimise VSUK’s financing structure and providing greater investment certainty over the longer term.