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Downing going up in the world of sustainability



Downing Renewables & Infrastructure Trust (DORE) operates a diverse portfolio of hydro, solar, wind and other infrastructure assets across the UK and Northern Europe. It was awarded the London Stock Exchange's Green Economy Mark in recognition of its contribution towards the global green economy.

As part of Santander’s commitment to support its client's sustainability objectives, this tailor-made funding arrangement will enable Downing Renewables & Infrastructure Trust (DORE) to acquire additional assets in the UK and Sweden as part of its diversification strategy.

We’re delighted to be expanding our relationship with Santander. Their support, via our bespoke, flexible facility will enable us to further accelerate our growth plans, and give us the freedom to deliver our wider strategy

Tom Williams Partner, Head of Energy & Infrastructure at Downing LLP

Santander took the opportunity to demonstrate their expertise in the renewables area which helped differentiate them from other lenders.

Due to the complex and international nature of the assets, Santander led various exchanges at critical transaction points, successfully negotiating bespoke solutions tailored to the company’s needs.

We're delighted to have offered this bespoke facility and cement our relationship with Downing. The revolving credit facility represents a landmark transaction, demonstrating Santander's capabilities in the net asset value (NAV) lending space, while enabling Downing to continue to grow and deliver on its strategy. We’re looking forward to developing our relationship on future projects and positively contributing to the wider climate change agenda.

Ioana Bozan Director, Specialised & Project Finance, Santander