United Kingdom: Egg Power Secures US$536m Debt Facility to Scale Renewables Portfolio

Egg Power, Liberty Global’s clean-energy investment platform, has arranged £400 million (US$536 million) in non-recourse debt financing from NatWest to advance utility-scale renewable projects in the UK and wider Europe.

The facility will back Egg Power’s 250 MW pipeline of wind and solar assets currently under construction, with the company targeting an increase to 500 MW of capacity in the UK. Three UK solar sites—Grange, Rainsbrook and Rag Lane—are already in the build phase.

The portfolio is expected to enter commercial operation on a rolling basis between Q2 2026 and Q1 2027, with additional projects also planned elsewhere in Europe.

Once commissioned, the initial UK portfolio—supported by long-term power purchase agreements (PPAs)—is projected to generate around 420 GWh of electricity per year.

Liberty Global’s Chief Commercial Officer for Energy Transition Ilesh Patel said the financing follows 12 months of work and supports Egg Power’s ambition to deliver 1,500 MW of clean-energy capacity by 2028 under long-term PPAs.

NatWest acted as sole underwriter and structuring bank, and also served as mandated lead arranger, hedging bank, facility agent, and security trustee for the transaction.

Egg Power has continued expanding its UK footprint, including the December 2025 purchase of project rights for PS Renewables’ 49.9 MW Grange solar project in Suffolk—its third UK solar acquisition.