Ingenious Clean Energy, a division of UK investment and advisory group, Ingenious, has announced that it has completed the financing of three solar farms in the south west of England.

The solar farms are located in Somerset, Dorest and Hampshire and are owned by three companies in the Ingenious Renewable EIS Fund portfolio. All three solar parks were developed by British Solar Renewables.

The £27 million financing was achieved with the help of a £15 million from Barclays. Jeremy Milne, fund manager of the Ingenious Renewable Energy EIS Fund and who led the financing commented: “It is a testament to the quality of the investments made by Ingenious that we can attract debt financing from a leading provider of debt facilities like Barclays.”

Neil Fleming, vice president Barclays’ Infrastructure and project finance team, added: “The three solar parks will make a significant contribution to the region, delivering electricity for over 4,000 homes in the South West. We are committed to supporting important projects such as this, which enable communities to benefit from the renewable energy produced in their local area.”

Ingenious is raising funds for its second portfolio, Ingenious Renewable EIS 2, which closes on 30 June 2014.