Atrato Onsite Energy Secures £250 Million from Barclays for Solar Expansion
Deal News | Apr 15, 2025 | Hogan Lovells
Atrato Onsite Energy, a key player in the UK solar energy sector, has secured a landmark £250 million asset-backed facility from Barclays. The financing is intended to support Atrato Onsite Energy's growing portfolio of commercial rooftop and ground-mounted solar PV systems, affirming their leadership as the largest owner of such assets in the UK. This facility will empower the company to meet the rising demand for solar solutions and work towards its ambitious goal of investing £1 billion in solar by 2030. Leading law firm Hogan Lovells advised Barclays on the deal, with key input from its securitization team led by Julian Craughan. Hogan Lovells' involvement in this transaction is part of a broader strategy to focus on energy asset classes with strong long-term potential, having advised on numerous green securitizations across Europe. The firm recently gained recognition as ESG Law Firm of the Year at the Global Capital Awards.
Sectors
- Renewable Energy
- Financial Services
- Legal Services
Geography
- United Kingdom – Atrato Onsite Energy operates solar PV systems across the UK, which is central to this transaction.
- International – Hogan Lovells' involvement in European green securitisations indicates a broader geographic influence beyond the UK.
Industry
- Renewable Energy – Atrato Onsite Energy is involved in solar energy generation, specifically through its commercial rooftop and ground-mounted solar PV systems.
- Financial Services – Barclays is providing a £250 million facility to Atrato Onsite Energy, highlighting the role of financial institutions in supporting renewable energy projects.
- Legal Services – Hogan Lovells is providing legal advisory services to Barclays for the transaction, demonstrating the importance of legal expertise in structuring financial deals.
Financials
- £250 million – The amount provided by Barclays to Atrato Onsite Energy through an asset-backed facility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atrato Onsite Energy | Target | Company | The largest owner of commercial rooftop solar assets in the UK. |
| Barclays | Financial Provider | Company | A major global financial services provider offering the £250 million facility. |
| Hogan Lovells | Legal Advisor | Company | Law firm advising Barclays on the solar financing deal. |
| Julian Craughan | Team Lead | Person | Securitisation Partner and Head of Capital Markets International at Hogan Lovells. |