Egg Power has secured up to £400 million in debt financing from NatWest Group to accelerate the development of large-scale renewable energy projects across Europe. The company, which operates as the clean energy infrastructure investment arm of Liberty Global, stated that this financing will help expand its portfolio in response to rising demand from telecoms operators and digital infrastructure providers.
NatWest Group is serving as the sole underwriter, structuring bank, mandated lead arranger, hedging bank, facility agent, and security trustee in this arrangement. The flexible construction financing facility will initially support approximately 250MW of solar and wind farms under construction or development in the UK, with total funding set to back projects totaling up to 500MW across the UK and Europe.
Construction is currently underway at three UK solar sites: Rainsbrook, Rag Lane, and Grange. International engineering, procurement, and construction contractors are carrying out the work. The full portfolio is scheduled to become operational between the second quarter of 2026 and the first quarter of 2027.
Upon completion, the initial UK projects are expected to supply around 420 gigawatt-hours of electricity annually, enough to power 120,000 homes. The assets are supported by long-term power purchase agreements with creditworthy buyers, ensuring stable cash flows for non-recourse debt.
Egg Power noted that its projects include local ecological improvements such as planting native grasslands and wildflower meadows, as well as reinforcing hedgerows. The projects will also create jobs during construction and operation phases, procure from local suppliers, and establish habitat strips on-site.
Liberty Global egg Power head Ilesh Patel said, "This financing is the culmination of 12 months of work and marks a significant milestone for egg Power. Partnering with NatWest reinforces our commitment to delivering energy security, cost efficiency, and sustainability for the telecoms and digital infrastructure sectors and other energy-intensive industries."
Patel added, "The agreement marks a significant step towards egg Power’s goal of delivering 1.5GW of clean energy capacity by 2028 under long-term PPAs. With Liberty Global’s backing and NatWest’s support, egg Power is well-positioned to become one of Europe’s most strongly supported renewable energy platforms."
Last month, egg Power acquired project rights to the Grange solar farm in Suffolk from Padero Solaer Renewables, marking its third major UK solar project.