Lightsource completed the financing of a portfolio of 74 UK solar farms with a combined capacity of 522MW on September 8, 2015.

Debt financing totalling £400 million was provided by RBS and Investec for the transaction, and later syndicated among a larger lending group.

Operis was pleased to provide an audit of the financial model used to structure the transaction, including a review of the model’s tax and accounting treatments.

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