The non-recourse debt will support Egg Power’s 250MW pipeline of solar and wind projects under construction, with capacity expected to be scaled to 500MW in the UK. Three UK solar projects – Grange, Rainsbrook and Rag Lane – are currently under construction.
Egg Power acquired all three projects in 2025, with the Grange solar farm was last added to his portfolio in December.
The portfolio is expected to become commercially operational between the second quarter of 2026 and the first quarter of 2027, with projects also planned across Europe.
Once operational, the initial UK portfolio, supported by long-term power purchase agreements (PPAs), is expected to generate around 420 GWh of electricity annually.
“This financing is the culmination of twelve months of work and marks a significant milestone for Egg Power. The agreement marks an important step towards Egg Power’s goal of delivering 1,500 MW of clean energy capacity under long-term PPAs by 2028,” said Ilesh Patel, Chief Commercial Officer, Energy Transition at Liberty Group.
NatWest Group acted as sole underwriter and structuring bank for the facility, as well as mandated lead arranger, hedging bank, facility agent and security trustee.
This article appeared first entirely on our sister site, PV technology.
