British Solar Renewables (BSR), a leading independent power producer backed by global alternative asset manager ICG, has secured £130 million in mezzanine financing from Eiffel Investment Group to support the next phase of its renewable energy platform expansion across the United Kingdom and Australia.
The financing facility will provide flexible capital to advance BSR’s portfolio of approximately 700 MW of highly contracted solar photovoltaic (PV) and co-located solar PV with battery energy storage system (BESS) projects. The investment will support project development throughout their lifecycle while enabling the company to pursue additional growth opportunities across its renewable energy platform.
The transaction follows BSR’s £345 million project financing completed in 2025 and represents another significant milestone in the company’s expansion strategy. According to BSR, the projects will contribute to the United Kingdom’s net-zero ambitions by increasing the share of renewable energy in the country’s electricity generation mix while enhancing long-term energy security.
The mezzanine financing was provided solely by Eiffel Investment Group, a French asset manager specialising in sustainable investments and energy transition financing. The company said its participation reflects confidence in BSR’s renewable energy platform, project pipeline, and execution capabilities.
BSR was advised by Akereos Capital as exclusive financial adviser and Bracewell as legal adviser, while Eiffel Investment Group received legal advice from TLT.
Commenting on the transaction, Tim Humpage, Chief Executive Officer of BSR, said the financing builds on the company’s previous project funding and provides the flexible capital required to accelerate investment across its growing renewable energy portfolio in the UK and Australia. He added that Eiffel Investment Group’s expertise in financing the energy transition makes it a strong strategic partner for the company’s next phase of growth.
Jean-Charles Arrago, Managing Director at Eiffel Investment Group, said the investment demonstrates the firm’s commitment to supporting the UK’s energy transition and reflects confidence in BSR’s experienced management team and portfolio of contracted renewable energy assets. He added that providing flexible financing to scalable renewable energy platforms contributes to Europe’s decarbonisation efforts and strengthens long-term energy sovereignty.
The latest financing comes as the UK continues to accelerate renewable energy deployment and modernise its electricity system, with utility-scale solar and battery energy storage expected to play an increasingly important role in achieving the country’s decarbonisation and energy security objectives.
Subscribe to get the latest posts sent to your email.
