Sunsave Launches UK's First FCA-Authorized Solar Subscription Service
Deal News | Aug 05, 2025 | TLT
National law firm TLT has advised Sunsave, a pioneering UK startup, on the rollout of the UK's first FCA-authorized solar subscription service, Sunsave Plus. The service, operational across England and Wales, aims to make solar power accessible to all UK households. Since its inception in January 2024, Sunsave Plus has seen impressive month-on-month growth of over 32%. TLT's advisory role was critical in various aspects, including the development of consumer loan documentation and due diligence for Sunsave's funding processes. Sunsave recently raised £113 million, with £13 million from Series A equity funding, co-led by Norrsken VC and IPGL, and a £100 million debt facility from Crédit Agricole CIB. The law firm also supported Sunsave's partnership with Hive, expanding their customer base, and continues to offer regulatory support as Sunsave scales up its operations. The strategic collaboration between TLT and Sunsave is positioned to transform the UK’s solar energy landscape.
Sectors
- Renewable Energy
- Legal Services
- Venture Capital
- Financial Services
Geography
- United Kingdom – The entire project, Sunsave Plus, is focused on the rollout across England and Wales, part of the UK.
Industry
- Renewable Energy – The article discusses Sunsave's initiative in solar energy, specifically focusing on their solar subscription service aimed at making solar power accessible to UK households.
- Legal Services – TLT's role as an advisor involves providing legal services related to consumer loans, due diligence, and regulatory compliance.
- Venture Capital – Venture capital firms Norrsken VC and IPGL are involved as co-leaders in Sunsave's Series A equity funding.
- Financial Services – The involvement of Crédit Agricole CIB in providing a debt facility highlights the financial services industry’s role in financing the solar subscription program.
Financials
- £113 million – Total amount raised by Sunsave, comprising £13 million in Series A equity funding and a £100 million debt facility.
- £13 million – Amount raised during Sunsave's Series A equity funding round, co-led by Norrsken VC and IPGL.
- £100 million – Debt facility provided by Crédit Agricole CIB to Sunsave.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sunsave | Target Company | Company | A UK-based startup with a mission to make solar power accessible through its subscription service. |
| TLT | Legal Advisor | Company | A national law firm advising Sunsave with their solar subscription rollout and legal documentation. |
| Norrsken VC | Investor | Company | A venture capital firm co-leading the Series A equity funding round for Sunsave. |
| IPGL | Investor | Company | A co-leader in the Series A equity funding round for Sunsave, alongside Norrsken VC. |
| Crédit Agricole CIB | Lender | Company | Provided a £100 million debt facility for Sunsave's financial needs. |
| Hive | Partner | Company | An advanced eco-tech solutions company partnering with Sunsave to promote the solar subscription service. |