Solar and energy storage developer Pathfinder Clean Energy (PACE) has secured a €100m (£86m) convertible bond investment that will accelerate the ongoing construction of UK clean energy assets.
This investment is being secured through INFRAGREEN V, an infrastructure fund managed by investment management company RGREEN INVEST, and builds on a previous partnership between the two companies in June 2025.
The investment will support PACE’s transition to becoming an owner and operator of clean infrastructure and help finance the construction of a portfolio of nearly 400 MW of solar PV and more than 200 MW of battery energy storage systems (BESS), while advancing its development pipeline, including clean data center projects.
Among the developer’s clean energy pipeline are eight projects for a combined capacity of 250 MWp that have secured Contracts for Difference (CfDs). through the final allocation round 7 (AR7a).
The portfolio is built under a co-location strategy to combine solar PV with BESS, with the proceeds from the financing mainly intended for the construction of these assets over the next two years.
In addition to its turnkey portfolio, PACE has a total of 3GW of development pipeline across the UK and international markets. The company’s pipeline of projects will be executed by its own engineering and asset management team.
Rob Denman, Managing Director at PACE said: “The UK’s clean infrastructure ambitions are substantial, and PACE’s permitted pipeline, experienced team and extensive construction program puts us in an exceptional position to navigate delivery. Our UK and international developments place PACE at the forefront of the exciting and innovative clean infrastructure sector where the energy and digital sectors meet.”
