Port Of Tyne secures financing to become offshore wind base

Image: PixabayImage: Pixabay
The Port of Tyne – which owns and operates one of the UK’s major trust ports – has secured a £100 million refinancing package with the UK Infrastructure Bank, Pricoa Private Capital and Lloyds Bank.

Official Press Release Port of Tyne:

Port Of Tyne’s Clean Energy Park Takes Another Step Forward With New Major Offshore Wind Base

The Port of Tyne has secured a £100 million refinancing package with the UK Infrastructure Bank, Pricoa Private Capital, and Lloyds Bank.

This 10-year financing arrangement is a national first for a British major trust port and builds upon the Port of Tyne's strategic focus on green energy and smart logistics. The deal demonstrates the underlying confidence investors have in the Port's business strategy and market-leading position in established and emerging markets, including offshore renewables and the automotive transition. The long-term credit facility will provide the Port of Tyne with a capital structure to continue to deliver its ambitious Tyne 2050 strategy while providing support to develop major infrastructure projects to capitalize on new market... ... More: Official Press Release Port of Tyne

Port of Tyne, port, financing, package, offshore, wind base, investor, bank, green energy, logistics, O&M base

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