Supporting UK Renewables Growth with the Elgin Platform Financing
Copenhagen Infrastructure Partners (CIP), through a portfolio company Elgin, is raising up to £500 million of debt to fund a portfolio of solar PV and co located battery energy storage system (BESS) assets in the UK developed by Elgin.
CIP, through its Flagship fund V (CIV), a global leader in renewable energy investment, acquired a majority stake in Elgin back in 2024.
Platform financings have become increasingly prominent, particularly within the energy and infrastructure sectors. By financing an entire portfolio under a unified structure, sponsors benefit from improved flexibility to acquire or divest assets, raise additional commitments, and streamline development across varied project types, compared with traditional single asset project financings.
Elgin is a leading international solar company, designing and delivering projects across Ireland, the United Kingdom, Italy and Germany.
Societe Generale is acting as Mandated Lead Arranger, Bookrunner and Hedge Counterparty, working with four other banks.
This transaction follows the recent financing of CIP’s acquisition of Ørsted’s European onshore renewables business, adding 800+ MW of operating and in‑construction assets and a multi‑gigawatt development pipeline to its project portfolio.
Societe Generale acted as Underwriter, Mandated Lead Arranger, Bookrunner and Deal Contingent Hedge Provider for CIP’s acquisition of Ørsted’s European onshore renewables business, alongside three partner banks. Societe Generale additionally served as Account Bank, Facility Agent, and Security Agent. Both financings share a platform based structure, highlighting CIP’s strategic approach to scaling UK renewables.
Societe Generale is proud to support this landmark financing which will enable Elgin to develop its portfolio in line with CIP’s investment strategy and supporting the UK’s evolving energy landscape.
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