Sunsave Partners With Crédit Agricole CIB on £100 Million Solar Subscription Push
Deal News | Jul 24, 2025 | Hogan Lovells
Crédit Agricole CIB is collaborating with UK-based Sunsave by providing a £100 million securitisation warehouse facility to facilitate the expansion of Sunsave's solar subscription service, Sunsave Plus. This legal undertaking, backed by Hogan Lovells, is set to accelerate the installation of rooftop solar panels in the UK, allowing numerous households to gain from the sustainable energy transition. Sunsave aims to position itself as the UK's foremost home energy platform by extending its service offerings to include advanced technologies like EV chargers and heat pumps. The legal advisory for Crédit Agricole CIB was led by senior professionals from Hogan Lovells, alongside dedicated support from various practice areas.
Sectors
- Renewable Energy
- Finance & Investment Banking
- Legal Services
Geography
- United Kingdom – The facility aims to enhance the rollout of the solar subscription service in the UK, benefitting British households.
- France – Crédit Agricole CIB, a French bank, is a key participant in the transaction, emphasizing Franco-British business collaborations.
Industry
- Renewable Energy – The article focuses on Sunsave's solar subscription service, contributing to the renewable energy landscape in the UK.
- Finance & Investment Banking – Crédit Agricole CIB's involvement as a financier highlights the financial sector's role in the facilitation and support of renewable energy projects through structured finance.
- Legal Services – Hogan Lovells provides legal structuring and documentation, underscoring the role of legal advisory services in complex financial transactions.
Financials
- £100 million – Facility amount provided by Crédit Agricole CIB for Sunsave's solar subscription service.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sunsave | Target company | Company | Sunsave is spearheading the UK's first solar subscription service and aims to become an all-in-one home energy platform. |
| Crédit Agricole CIB | Bidding company/buyer | Company | Providing the £100 million securitisation warehouse facility to support Sunsave's expansion. |
| Hogan Lovells | Legal advisor | Company | Advising Crédit Agricole CIB on legal structuring and documentation for the facility. |
| IDCM Limited | Financial advisor | Company | Acted as sole financial advisor to Sunsave. |
| Julian Craughan | Securitisation Partner | Person | Led the Hogan Lovells team supporting Crédit Agricole CIB. |
| Steven Minke | Senior Associate | Person | Supported the securitisation legal work at Hogan Lovells. |