Enviromena has signed a GBP 825 million ($1.1 billion) senior portfolio financing package, including an initial GBP 525 million to support the construction of its UK solar pipeline.
The financing is underwritten by a syndicate of lenders including BBVA, Intesa Sanpaolo (IMI CIB), Lloyds, NatWest and Societe Generale. The financing, according to Enviromena, is structured as a flexible platform, with GBP 300 million in an uncommitted accordion – meaning that the financing may be expanded beyond Enviromena’s portfolio as the projects progress.
Enviromena positions itself as an independent energy producer. The company reports that it has built more than 120 solar power plants to date, is engaged in project development, construction, ownership and operation and has solar and battery energy storage projects in the UK and Europe. The company claims a development pipeline of more than 3 GW.
Enviromena’s existing portfolio of UK solar projects includes the 71 MW Medebridge Solar Farm, which made headlines in 2025 when it signed a ten-year power purchase agreement (PPA) with the University of Manchester.
Chris March, CEO of Enviromena, described the financing package as a “landmark transaction” for the company.
“With this support, we are accelerating the transition from development to delivery, building a gigawatt-scale solar platform to power homes and businesses and support Britain’s energy transition,” he said.
Perella Weinberg acted as exclusive financial advisor to Enviromena for the senior portfolio financing agreement. Travers Smith acted as Borrower Counsel and Eversheds Sutherland as Lender Counsel.
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