Crédit Agricole CIB Backs Sunsave with £100 Million for Solar Expansion
Deal News | Jul 24, 2025 | Hogan Lovells
Crédit Agricole CIB has secured a £100 million private securitisation warehouse facility to support Sunsave, the UK’s pioneering solar subscription service. This facility will enable Sunsave to expedite the deployment of its Sunsave Plus initiative, facilitating the installation of rooftop solar panels for thousands of British homes. The move addresses the increasing demand for sustainable energy solutions amid escalating energy prices. Hogan Lovells, led by securitisation partner Julian Craughan, advised Crédit Agricole CIB on this innovative UK renewables transaction, emphasizing the role of structured finance in accelerating the energy transition. Sunsave aims to transform into the UK’s first comprehensive home energy platform, extending its subscription model to incorporate technologies like EV chargers and heat pumps. IDCM Limited served as Sunsave's financial advisor during the transaction.
Sectors
- Renewable Energy
- Financial Services
- Legal Services
Geography
- United Kingdom – The article focuses on a major financing initiative for solar energy in the UK, involving local households.
- Europe – Despite the UK focus, the transaction indicates a broader European commitment to sustainable finance, as stated by Hogan Lovells.
Industry
- Renewable Energy – The article discusses the financing and expansion of a solar subscription service, highlighting advancements in renewable energy solutions.
- Financial Services – Crédit Agricole CIB and IDCM Limited are involved in structuring and advising on a substantial financial transaction.
- Legal Services – Hogan Lovells played a key role in advising on the legal structuring and documentation for the securitisation facility.
Financials
- £100 million – The size of the private securitisation warehouse facility arranged for Sunsave's solar subscription service expansion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sunsave | Target Company | Company | A UK-based company providing an innovative solar subscription service aimed at enhancing residential energy solutions. |
| Crédit Agricole CIB | Financier | Company | The corporate and investment banking arm of Crédit Agricole, providing financial solutions and engaging in this renewable energy expansion. |
| Hogan Lovells | Legal Advisor | Company | An international law firm advising on the legal aspects of the securitisation facility. |
| IDCM Limited | Financial Advisor | Company | Sole financial advisor to Sunsave for the transaction. |
| Julian Craughan | Securitisation Partner | Person | A partner at Hogan Lovells leading the legal structuring efforts for the transaction. |