Rubicon advises Elgin Energy to sell UK’s largest portfolio of solar power projects

Rubicon advises Elgin Energy to sell UK's largest portfolio of solar power projects

Rubicon Capital Advisors (“Rubicon”), one of the world’s leading investment banking companies focusing on the broader infrastructure, energy and digital sectors, has announced its role as Special Financial Advisor for the sale of Elgin Energy Holdings (“Elgin”) to complete the sale. Scottish Power Renewables (UK) Limited (“Scottish Power”) is a wholly owned global subsidiary of 100% of the portfolio and 70 MW of combined energy storage capacity (“portfolio”) of 519 MW Solar PV projects. Iberdrola Group.

Sales of the portfolio represent the UK’s largest solar PV transaction, including 12 pre-construction projects with a capacity of 519 MW in the UK, Wales and Scotland. The portfolio also includes an integrated 70 MW battery solution, which is in the advanced stages of development.

“We are delighted to have reached this significant milestone and have partnered with Iberdrola / ScottishPower Renewables in this portfolio. We will continue to develop and deliver the core range of 5GW projects across the UK, Ireland and Australia. Ronan Gildoff, CEO of Elgin Energy, commented.

The portfolio will play a key role in contributing to the UK’s 2050 zero emission strategy, not only generating low cost, low carbon electricity, but also generating significant regional economic growth, providing zero carbon power to 143,000 households. UK

“We have a proven track record of working with developers worldwide and large portfolios of renewable energy worldwide and are delighted to be advising on the largest solar and storage transaction in the UK to date. The transaction is a perfect example of Rubicon’s commitment to being at the forefront of ESG initiatives, especially when dealing with global climate change issues. “ Rubicon’s General Manager Barry O’Flyn commented.

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Chopra and Rubicon Capital Advisors

Rubicon is one of the world’s leading investment banking companies focusing exclusively on the infrastructure, energy, digital and utility sectors. With offices in Europe, the US and Asia, the company is truly global. Since its inception in 2011, Rubicon has completed sales, acquisitions or refinancing of more than 100 key infrastructure, energy, digital and utility assets located in Europe, North America, Latin America and Asia. 85 billion. The company is controlled by the Central Bank of Ireland and is a member of its US subsidiary FINRA and SIPC, as well as registered as a broker with the SEC. Learn more about the company: www.rubiconcapitaladvisors.com And following Rubicon Capital Advisors LinkedIn.

Chopra A Elgin Energy

Elgin Energy is a full-service, public-level solar energy + storage developer, bringing plans from start to development. The company has a portfolio of over 5 GW late projects in three major markets in the UK, Australia and Ireland.

In 2021, Elgin Energy received funding from the Bernberg Green Energy Fund for the development of a total of 1.36 GW solar PV projects in the UK and Ireland, and raised £ 25m through Focus Capital Partners to fund its growth strategy in its key markets. By 2020, Forsyth Group had partnered with two portfolios, Metca-EGN, to deliver a total of 276 MW of solar development projects in the UK, and won two solar projects in Ireland’s first solar auction. RESS-1 – Renewable Energy Support Program (RESS). In addition to the above, Elgin Energy provided 21 solar projects with a total capacity of 230 MW in 2017 before the completion of the UK Government’s Renewable Obligations (ROCs) project.

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Elgin Energy has partnered with long-term strategic partners to deliver energy projects and provide asset management services throughout their operational lifetime. The company has expanded internationally over the past 12 years with a professional team of engineers, accountants and lawyers based in its offices in London, Dublin and Sydney. Elgin has a planned 98% success rate in all its markets.

www.elgin-energy.com & Elgin Energy: Overview | LinkedIn

The original language text of this notice is the officially approved version. Translations are provided for convenience only and should specify the text in the original language, which is the only version of the text with legal effect.

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Source: Business Wire

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