Enviromena has signed an £825 million senior portfolio financing package to accelerate the delivery of a 1GW solar pipeline across the UK. The agreement marks one of the largest recent financing packages in the British renewable energy market and strengthens the company’s position as a major independent power producer.
The package begins with an initial £525 million commitment from a syndicate of leading banks. Those backing the transaction include BBVA, Intesa Sanpaolo, Lloyds, NatWest and Societe Generale.
The financing gives Enviromena access to substantial capital at a time when solar demand in Britain continues to rise. With energy security and long-term electricity costs remaining key concerns, large-scale solar developments are becoming increasingly valuable assets.
Flexible structure designed for expansion
A notable feature of the deal is its expandable design. Alongside the initial £525 million, the package includes a £300 million uncommitted accordion facility. This means additional funding can be added as projects move forward and the company’s portfolio grows.
That flexible structure allows Enviromena to match funding with construction milestones rather than locking in unnecessary capital from the outset. It also gives the business room to move quickly when new projects are ready to break ground.
For developers managing multiple sites at different stages, this type of financing can be especially useful. It supports steady growth while reducing delays that often come from securing separate funding rounds for each project.
From regional roots to European renewable player
Enviromena was founded in 2007 by Sami Khoreibi in the MENA region. Since then, the business has expanded into the UK and Europe, building a broader clean energy platform focused on solar generation and battery storage.
Today, the company says it has delivered more than 120 solar plants. Its activities span project development, construction, ownership and long-term operations. Enviromena also reports a development pipeline exceeding 3GW, showing ambitions well beyond the current 1GW UK build programme.
This wider strategy reflects the changing nature of renewable energy businesses. Companies are no longer only builders of projects; many now develop, own and operate assets over decades to capture long-term value.
Backed by experienced advisers
Chief executive Chris March described the financing as a “landmark transaction” for the company. The scale of the package suggests lenders also see strong confidence in Enviromena’s pipeline and execution ability.
The company already has operating assets in Britain, including the 71MW Medebridge Solar Farm. That site drew attention in 2025 after securing a 10-year power purchase agreement with University of Manchester, highlighting growing demand from institutions seeking clean electricity supply.
Advisers on the financing included Perella Weinberg as exclusive financial adviser, Travers Smith as borrower counsel, and Eversheds Sutherland as lender counsel.
With fresh capital secured, Enviromena is now positioned to play a larger role in Britain’s transition toward low-carbon power.
