Atrato Onsite Energy announces new £250m asset backed security warehouse (ABS warehouse) to finance solar photovoltaic systems in the UK
Summary
LONDON, April 15, 2025 (GLOBE NEWSWIRE) -- Atrato Onsite Energy, the UK C&I solar specialist owned by Brookfield Renewables and Real Assets Investment Management Ltd announces it has entered into an ABS warehouse to support its investment into C&I solar projects in the UK. "We have developed a strong portfolio of solar projects, working with customers such as Amazon, Britvic, Nissan, and Tesco. With unprecedented demand for our solar solutions, this new facility provides us with an additional \xa3250 million of capacity, on top of the capital support from our investors. "Gordon Beck, Head of Corporate & Sustainable Securitisation EMEA of Barclays Bank PLC said"We are proud to support Atrato Onsite Energy with this landmark financing, demonstrating our commitment to enabling corporates to transition to cleaner sources of energy whilst fostering sustainable economic growth in our UK home market. "Atrato Onsite Energy is an independent power producer launched in November 2021 and is one of the largest commercial and industrial solar companies in the UK.In November 2024 leading infrastructure investors, Brookfield Renewables and Real Assets Investment Management Ltd, acquired the company and subsequently de-listed it from the London Stock Exchange.