Enviromena secures GBP 825 million for 1 GW UK solar pipeline

Enviromena, Independent Power Producer (IPP), has signed an GBP 825 million (~ $1.1 billion) senior portfolio financing package in the United Kingdom. An initial GBP 525 million (~ $710 million) was committed to support delivery of a 1 GW solar pipeline across the UK. The financing includes a GBP 300 million uncommitted accordion for future expansion as projects advance. The lender group includes BBVA, Intesa Sanpaolo, Lloyds Banking Group, NatWest Group and Societe Generale. Arjun Infrastructure Partners has backed Enviromena since 2017. Perella Weinberg Partners acted as exclusive financial advisor on the transaction.