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BNRG Renewables teams up with Tata Solar and HSBC to complete Euro 29m

Irish solar company BNRG Renewables has completed construction of 20 MW solar projects in the UK, in partnership with the UK-based Langmead Group. The project was funded by HSBC.

Mark Frettingham, HSBC Area Director for Corporate Banking in Sussex, said: "HSBC provided just under 20 million of funding to support BNRG's latest solar energy expansion. This consisted of four term loans to allow the company to complete each of the four new solar farms which, now finished, have a combined value of 29 million and created 140 full time jobs for one year.

"HSBC is pleased to play its part in BNRG's expansion, particularly with the positive benefits the projects will have on the environment." In addition to providing carbon a reduction to the tune of 10,500 tonnes per year, the four projects built on a cumulative 110 acres will together produce enough electricity to power over 6,500 homes annually for 30 years.

The main construction contractor was Solarcentury, a London based engineering, procurement and construction contractor specialisin