The projects will play an important role in supporting UK’s net zero goals and achieving its target of increasing the share of renewable energy in the generation mix.
BSR has secured a senior, flexible, structured £345m debt facility from a consortium of banks including Lloyds, Commonwealth Bank (CBA), Landesbank Baden-Württemberg (LBBW) and NatWest. The financing includes restructuring of the existing senior project facility and firmly positions BSR to become one of the leading integrated power producers within UK.
Once operational, the 12 projects will have a combined generation of 600GWh of clean electricity annually, enough to power approximately 160,000 UK homes, and saving 140,000 tons of CO2 emissions. This comes as the UK intensifies efforts to reach its legally binding 2050 net zero target and navigates energy security challenges.
Michael Ozersky, Chief Investment Officer of British Solar Renewables, said, “Achieving financial close on this landmark transaction is a major milestone for our business and reinforces our commitment to the UK’s clean energy future. This financing highlights the strength of our collocation strategy and our innovative approach to delivering clean, reliable power at scale. We’re proud to play our part in driving the energy transition forward.”
Paul Levêque, Associate Director at ICG Infrastructure, commented,“We are proud to support this landmark transaction and to have the trust of such a strong group of lenders. This financing not only underscores the strength and credibility of BSR as a leading renewable energy platform but also highlights our shared commitment to delivering high-impact projects that accelerate the UK’s transition to net zero. It’s a powerful validation of BSR’s ability to execute at scale and contribute meaningfully to decarbonization.”
