* Plans to refinance six solar parks in Britain
* Funding provided by Royal Bank of Scotland, NIBC
LONDON Jan 10 Octopus Investments has secured
54.4 million pounds ($87 million) of funding from two banks to
refinance investments in six solar parks in Britain, it said on
The British fund management company invests in solar
projects on behalf of investors in some of its venture capital
trusts, enterprise investment schemes and inheritance tax
Over the past two years Octopus, in partnership with its
in-house solar development company Lightsource, has invested
more than 300 million pounds in solar energy.
Octopus secured the funding from the Royal Bank of
Scotland's corporate and institutional banking operation
and Dutch bank NIBC.
The firm can now refinance six solar parks in Cornwall,
Nottinghamshire, Somerset and Cambridgeshire, which have
capacities ranging from 1.7 to 5 megawatts.
"RBS and NIBC's facility will enable us to continue to
invest in solar on behalf of our investors and to deliver
returns to them while continuing to support the UK solar
market," said Matt Setchell, head of solar at Octopus.
Octopus has more than 2.7 billion pounds of assets under