Cero, Enso Secure £200M for UK Solar-Storage Projects

• Cero Generation and Enso Energy secure £200M for UK solar projects, powering 245 MW with green loans. Construction begins this autumn at Bramley solar park.

Cero Generation and Enso Energy have secured approximately GBP 200 million in loans to achieve financial close on three UK solar-plus-storage projects. The funding will support the 115-MW Bramley solar and storage park and two additional projects, totaling 245 MW in capacity. Construction at the Bramley site is set to begin this autumn.

The financing was provided by a consortium of lenders, including ING, NORD/LB, Rabobank, and Santander UK, structured as a green loan with an accordion facility for future projects. Metlen Energy & Metals will handle engineering and construction, Longi Solar Europe will supply PV modules, and Sungrow Europe will provide battery systems. EDF Wholesale Market Services will optimize the battery facility and manage market services for the solar park.

How will Cero Generation and Enso Energy's projects impact the UK solar industry?

• Increase in Renewable Capacity: The projects will add a total of 245 MW of solar capacity to the UK grid, contributing to the country's renewable energy targets and reducing reliance on fossil fuels.
• Job Creation: The construction and operation of these projects are expected to create numerous jobs, boosting local economies and providing opportunities in the renewable energy sector.
• Technological Advancement: The integration of solar power with battery storage will enhance grid stability and energy reliability, showcasing advanced technology in renewable energy solutions.
• Market Influence: Successful implementation of these projects could encourage further investment in the UK solar industry, attracting more developers and financiers to the market.
• Environmental Impact: By increasing the share of clean energy, these projects will help reduce carbon emissions and contribute to the UK's climate goals.
• Energy Security: The addition of storage capabilities will improve energy security by allowing excess energy to be stored and used during periods of high demand or low production.
• Policy Support: The projects may influence government policy by demonstrating the viability and benefits of large-scale solar-plus-storage solutions, potentially leading to more supportive regulations and incentives.
• Industry Collaboration: The involvement of multiple stakeholders, including financial institutions, engineering firms, and technology providers, highlights the collaborative efforts required to advance the renewable energy sector.