GCP Infrastructure Investments has entered into a conditional, binding commitment to subscribe for a series of loan notes with a value of around £52m.
The proceeds will be used to finance investments in five operational onshore wind farms located across the UK.
GCP Infra said each of the projects was in receipt of renewable obligation certificates, a Government-sponsored mechanism for promoting renewable electricity generation in the UK.
It said the company's conditional investment was subject to the receipt of third party consents to the proposed transaction.
At 9:45am: (LON:GCP) GCP Infrastructure Investments Ltd share price was +0.05p at 120.55p