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TENT completes asset sale.

Authors :
Bremner, James
Source :
IJGlobal; 5/13/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Triple Point Energy Transition (TENT) has completed the sale of its £37 million debt facility to Triple Point Leasing Limited (TPLL) as part of its managed wind-down. The debt facility was originally secured for Virmati Energy (trading as Field Energy) for the construction of four Battery Energy Storage System (BESS) projects in the UK. TENT plans to conduct a similar process with a £2.2 million receivables facility agreed with LED lighting firm Boxed Light Services. TENT's chair, John Roberts, stated that the completion of this sale reduces the number of investments within the group's portfolio by four. [Extracted from the article]

Details

Language :
English
ISSN :
20554842
Database :
Complementary Index
Journal :
IJGlobal
Publication Type :
Periodical
Accession number :
177187913