Corcel has acquired a 40% interest in the Tring Road energy project from Arlington Energy, located outside of the town of Aylesbury, England.  

Corcel and AE have formed an industry standard joint venture to operate the project and will look to jointly arrange funding for the project over the coming months, targeting financial close in 2021.  It is anticipated that AE will continue to lead construction and the operation of the project.  The joint venture partners intend to procure a development fee at financial close as well as an equity carry as part of ultimate arrangements negotiated.  In addition, Corcel is expected to receive a 3% fee covering all equity funding arranged.

Corcel has acquired a 40% interest in the Tring Road energy project from Arlington Energy, located outside of the town of Aylesbury, England.  

Corcel and AE have formed an industry standard joint venture to operate the project and will look to jointly arrange funding for the project over the coming months, targeting financial close in 2021.  It is anticipated that AE will continue to lead construction and the operation of the project.  The joint venture partners intend to procure a development fee at financial close as well as an equity carry as part of ultimate arrangements negotiated.  In addition, Corcel is expected to receive a 3% fee covering all equity funding arranged.