BSR, a leading British independent power producer backed by ICG, the global alternative asset manager with approximately $126bn of assets under management, announced today the successful raise of a £130 million financing from Eiffel Investment Group, a French asset manager specialised on sustainable investments and energy transition.
The debt raise takes the form of a mezzanine facility to support the next phase of BSR’s platform growth, supported by c. 700MW of highly contracted solar PV and colocated solar PV with battery energy storage assets across the UK and Australia. The projects will contribute to the UK’s net zero transition, increasing the role of renewable energy in the generation mix. The facility provides flexible capital to enable the platform’s future investment needs to be met across the project lifecycles as BSR advances its investment plans in the portfolio and beyond.
The financing was provided on a sole lender basis by Eiffel Investment Group, an active financier in the European energy transition space. Eiffel’s participation reflects its strong positioning in the renewables market and its confidence in BSR’s platform, execution capabilities and project pipeline.
BSR was advised by Akereos Capital (exclusive financial adviser) and Bracewell (legal); Eiffel was advised by TLT (legal).
Tim Humpage, CEO of BSR, said, “This financing marks an important milestone for BSR, building on the £345 million project financing completed in 2025. As we continue to scale across the UK and Australia, the mezzanine facility from Eiffel provides the flexible capital we need to advance our pipeline and invest across the platform. We’re pleased to be working with Eiffel, whose experience in the energy transition and confidence in our business make them a strong partner for this next phase of growth.”
Jean-Charles Arrago, Managing Director at Eiffel Investment Group, said, “This transaction marks our support to the energy transition in the UK, a country which benefits from an attractive and balanced incentive policy. BSR has built an impressive platform of highly contracted renewable assets thanks to a highly talented and seasoned team, that we are very pleased to support. Providing flexible capital to scalable platforms such as BSR contributes to strengthening the European sovereignty through decarbonisation. We look forward at Eiffel to supporting British Solar Renewables’ continued growth across the UK and beyond.”
As the UK works to strengthen its energy system and accelerate decarbonisation, British Solar Renewables is well placed to contribute through the development of large-scale solar and storage. This investment reflects growing confidence in the sector and its role in delivering long-term energy security.
