Continuing our investment in green energy
We've announced that our infrastructure debt team has invested £22 million in a portfolio of seven solar farms across the UK managed by Armstrong Capital, refinancing existing debt.
It's the latest green investment that demonstrates our continuing commitment to environmental, social and governance (ESG) considerations. In October we announced that we'll be offsetting our entire operational carbon footprint to become carbon neutral in 2020. This year we have also lent to a number of sectors within the renewables space, including UK wind power and Scandinavian district heating.
The investment was made on behalf of our strategic clients such as Phoenix Group, and will deliver a long-term, reliable, inflation-linked income stream until 2035, helping investors meet their future liabilities.