Elgin energy

Synopsis

• Alexa Capital acted as the exclusive financial advisor to Elgin Energy for the sale of a portfolio of solar PV projects in the UK.
• The portfolio is advanced (RtB), with projects being prepared for construction to begin in 2024/25 and expected to start operations in 2025/26.
• All projects have long-term government-backed offtake agreements, excepting one participating in the AR6 allocation round for forward delivery.

Alexa Capital’s role

Alexa Capital provided comprehensive financial advisory services, managing, and executing the transaction process through focused stakeholder engagement. Leveraging our strong sector and corporate finance expertise, Alexa Capital added strategic value throughout the process.

The advisory encompassed business plan refinement, confidential information memorandum preparation, as well as guidance on deal structuring and negotiation.

Alexa Capital Value-Add & Market Implications:

This transaction mobilises approximately £120 million into British solar, contributing to the acceleration of renewable energy penetration in the GB power system. By facilitating this investment, we contribute to the transition towards a low-carbon economy, aligning with our broader sustainability goals and our commitment to a positive environmental impact.