Infinis secures £391mn funding to accelerate renewable energy portfolio expansion

UK power producer Infinis has secured a £391mn ($476mn) banking agreement to support the next phase of its solar and energy storage development projects.

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UK-based group Infinis, a leading low-carbon electricity producer using captured methane, has secured £391mn ($476mn) in financing to support the expansion of its renewable energy portfolio. The expanded financial structure strengthens the group’s capacity to develop new solar and battery storage projects while reinforcing its long-term growth strategy.

An expanded banking syndicate backing growth plans

The financing is structured through a nine-lender banking syndicate, with three new participants: Canadian Imperial Bank of Commerce (CIBC), DNB Bank ASA (DNB) and Coöperatieve Rabobank U.A. (Rabobank). They join existing partners Lloyds Banking Group, NatWest Group, Skandinaviska Enskilda Banken AB (SEB), Allied Irish Banks plc (AIB), HSBC Holdings plc and Investec plc. The syndication reflects strong banking market confidence in Infinis’ strategy.

Infinis Chief Financial Officer Keith Reid noted that the funding marks “a transformational period” for the company, which plans to commission 257 megawatts (MW) of new solar capacity in 2025. This development is presented as a step in executing broader growth plans in the coming years.

Focus on solar and energy storage

Historically focused on energy recovery from landfill gas, Infinis is now concentrating its investment strategy on solar technologies and battery storage. This aims to diversify its production sources while enhancing the resilience of the UK’s power grid.

The new financing structure will enable the group to accelerate construction of its projects and secure the capital required to implement future investments. No details were disclosed regarding the specific deployment timeline or locations involved.

Strengthening position in the UK market

Infinis currently operates one of the UK’s largest electricity generation portfolios based on captured methane. The company aims to leverage its industrial experience to further integrate photovoltaic solutions and storage systems, in response to growing demand for low-carbon electricity.

“This financing provides a capital structure aligned with our ambitions,” said Keith Reid, reaffirming Infinis’ commitment to pursue its development with the support of an expanded banking syndicate.

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