egg Power has secured up to £400m in debt financing from NatWest Group to accelerate development of large-scale renewable energy projects across Europe.
egg Power said the flexible construction financing facility will initially support around 250MW of solar and wind farms under construction or development and in total back up to 500MW of projects in the UK and Europe.
The company added that NatWest acted as sole underwriter, structuring bank, mandated lead arranger, hedging bank, facility agent and security trustee for the non-recourse debt package.
egg Power is part of Liberty Growth and is targeting rising clean energy demand from telecoms operators, digital infrastructure providers and other energy-intensive industries.
Ilesh Patel, who leads the egg Power business at Liberty Global, said: “This financing is the culmination of 12 months of work and marks a significant milestone for egg Power.”
Patel added: “The agreement marks a significant step towards egg Power’s goal of delivering 1,500 MW of clean energy capacity by 2028 under long-term Power Purchase Agreements.”
Kristofer Gibson, project finance at NatWest, commented: “We are incredibly proud to have played such a crucial role in supporting the egg Power platform to deliver meaningful new clean energy power production in the UK and Europe.”
Gibson said: “By structuring and underwriting a flexible construction facility, we were able to showcase our market-leading capabilities in renewable energy financing.”
The initial financed portfolio anticipates about 250MW of solar and wind projects in the UK expected to generate roughly 420GWh of clean electricity annually.
Three UK solar sites – Grange, Rainsbrook and Rag Lane – are currently under construction.
The portfolio is expected to reach commercial operation between the second quarter of 2026 and the first quarter of 2027.