Atrato Onsite Energy secures £250mn from Barclays to fund solar rollout in the UK

UK commercial and industrial solar specialist Atrato Onsite Energy has finalised a structured financing agreement with Barclays to support the expansion of its photovoltaic asset base.

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Atrato Onsite Energy Ltd, a UK subsidiary of Brookfield Renewables and Real Assets Investment Management Ltd, has announced the establishment of a new asset-backed securities (ABS) financing facility worth up to £250mn with Barclays Bank PLC. This marks the first ABS warehouse arrangement dedicated to the commercial and industrial (C&I) solar sector in the United Kingdom. The financing aims to accelerate the deployment of rooftop and ground-mounted photovoltaic systems for corporate clients across the country.

Solar asset growth target

Established in November 2021, Atrato Onsite Energy has committed to investing up to £1bn in solar power by 2030. To date, the company reports a portfolio of over 240 megawatts (MW) of solar projects, part of which has been developed in collaboration with firms including Amazon, Britvic, Nissan and Tesco. Since its acquisition in November 2024, the company has signed ten power purchase agreements and secured financing for an additional 42 MW.

Legal structure and financing partners

The ABS structure offers Atrato Onsite Energy an additional financial lever while relying on capital support from its existing investors. The transaction was advised legally by Norton Rose Fulbright on behalf of Atrato Onsite Energy and by Hogan Lovells on behalf of Barclays Bank PLC. The facility responds to increasing corporate demand for solar energy solutions within the UK market.

Strategic market positioning in Europe

Atrato Onsite Energy Chief Executive Officer Gurpreet Gujral stated that this financing capacity will allow the company to further leverage its project pipeline and advance its ambition of becoming the leading provider of C&I solar in Europe. Through this operation, Barclays Bank PLC reaffirmed its goal to mobilise $1trn in sustainable and transition finance by 2030, with a specific focus on supporting UK-based clients.

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