RBS International has announced its support for Guernsey Electricity with a new multi-million pound revolving credit facility.
The financing will enable Guernsey Electricity, which is wholly owned by the States of Guernsey, to fund essential infrastructure work across the island. This investment is part of a long-term strategy to enhance the resilience and reliability of Guernsey’s electricity infrastructure.
Lynn Whitworth (pictured), Head of Corporate & Commercial Banking in Guernsey for RBS International, said: “We’re proud to support Guernsey Electricity with this facility, which will help strengthen the island’s energy infrastructure for the long term. As demand for electricity grows, it’s vital that the electricity system remains resilient and future-ready – and we’re pleased to play a part in enabling that progress.”
Guernsey Electricity’s strategic plan outlines how the island can meet the anticipated rise in electricity demand through to 2050. This includes providing low carbon energy to power homes and businesses, and maintaining the infrastructure that keeps the island running. Continued investment is seen as critical to ensuring energy security for both todays and future generations.
Alan Bates, Chief Executive Officer, Guernsey Electricity, said: “We are delighted to secure this funding package from RBS International who we found pragmatic and easy to deal with through the entire funding process.”
