Pollen Street Capital has completed a £300m senior secured facility with UK-based renewable energy solutions funder SRE Capital.
The €7bn (£6bn) alternative asset manager said the facility will support the rollout of blended power purchase agreement structures.
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SRE provides organisations with renewable energy solutions that support net zero goals. It works with corporates across sectors including retail, logistics, manufacturing and hospitality, delivering energy solutions that reduce energy costs and carbon intensity.
“Pollen Street’s deep expertise in asset-backed credit and disciplined investment approach aligns strongly with our strategy of delivering long-term, contracted renewable energy solutions to investment grade counterparties,” said David Wills, chief executive of SRE Capital.
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“SRE has developed a compelling platform addressing a growing need for cost-effective, lower-carbon energy solutions, supported by a strong and high-quality network of partners,” said Paul Varty, investment director at Pollen Street Capital. “We are pleased to support the next stage of the business’s growth as the portfolio is deployed.”
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