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Lux Nova are proud to have advised SRE Capital on its £300 million senior secured facility with Pollen Street Capital.
The facility will support the rollout of SRE Capital's blended power purchase agreement structures, enabling the business to scale its delivery of renewable energy solutions to corporate clients across the UK.
Our team advised SRE Capital on all aspects of the transaction, including the facility documentation and negotiation of the financing agreements and the security package, as well as preparing template project documentation.
Working with corporates across a range of sectors, SRE Capital delivers energy solutions designed to reduce both energy costs and carbon intensity. The business operates a high-quality network of partners and focuses on long-term, contracted renewable energy solutions.
The £300 million facility provides SRE Capital with significant funding to accelerate deployment of its portfolio of blended power purchase agreement structures. With corporate demand for cost-effective, lower-carbon energy solutions continuing to grow, the facility positions SRE Capital to capture a substantial share of a rapidly expanding market.
Legal Team:
The Lux Nova team consisted of Nikola Zahariev and Aun Ali Raza (Finance), and Robert Blundell (Construction).
Pollen Street Capital was advised on the transaction by Ashurst.
Quotes:
David Wills, Chief Executive of SRE Capital, said: “We are delighted to partner with Pollen Street Capital on this significant facility, which marks an important milestone in SRE’s journey. Pollen Street’s deep expertise in asset-backed credit and disciplined investment approach aligns strongly with our strategy of delivering long-term, contracted renewable energy solutions to investment grade counterparties. Beyond capital, we share a common philosophy centred on prudent risk management, transparency and a genuine commitment to advancing the energy transition. This partnership enhances our ability to scale blended Power Purchase Agreement structures that lower energy costs, strengthen resilience and materially reduce carbon emissions for our clients across the private and public sectors. We look forward to working closely with the Pollen Street team”.
