AGR Renewables (“AGR”), a leading UK vertically integrated energy infrastructure platform backed by Railpen, manager of the £34bn railways pension scheme in the UK, is pleased to announce the successful completion of a portfolio financing for five co-located solar PV and battery energy storage projects, including the refinancing of one existing asset. All assets are under construction and are expected to be energised in 2026 and 2027.
The senior debt financing, provided by BayernLB, will support the construction and build-out of AGR’s expanding portfolio of co-located renewable energy assets across the UK. The portfolio totals approximately 310 MWp of solar PV capacity and 250 MW AC of battery energy storage capacity. The five projects are strategically located across Lincolnshire, Hertfordshire, and Cambridgeshire.
The solar assets benefit from long-term revenue visibility, having secured Contracts for Difference (CfDs) under the UK Government’s Allocation Round 7, alongside high profile Corporate Power Purchase Agreements (PPAs).
This transaction represents a significant milestone for AGR as it continues to scale its vertically integrated platform. With over £2 billion of infrastructure assets successfully delivered in the UK energy sector and around £400 million currently in construction, AGR is uniquely positioned to lead the demands of the modern energy world. AGR recently expanded its asset base by acquiring another 50 MW AC of solar and storage projects, which will also be delivered in 2027.
