Standard Chartered UK Solar Financing Hits £500M for Clean Energy Push

Standard Chartered backs £500M UK solar financing deal to expand renewable energy, battery storage, and support Britain’s 2030 clean power goals

Standard Chartered UK solar financing has received a major boost after the bank announced support for a senior secured platform financing deal worth up to £500 million (US$677.3 million) to expand renewable energy projects across the United Kingdom.

The funding will support the full lifecycle of solar photovoltaic (PV) facilities, from development through construction and operation. It will also help deploy co-located battery energy storage systems (BESS), strengthening the UK’s growing clean power infrastructure.

Major Backing for UK Renewable Growth

The Standard Chartered UK solar financing package was raised by Amalfi Finance Company, a subsidiary linked to international solar developer Elgin Energy. Elgin is backed by Copenhagen Infrastructure Partners and its flagship CI V fund.

The portfolio aims to develop up to 1GW of solar PV capacity across the UK. The financing structure has been designed as a flexible portfolio facility, allowing additional renewable projects to be added over time.

Standard Chartered is acting as mandated lead arranger, lender, bookrunner, and hedging counterparty for the transaction.

Supporting UK Decarbonisation Goals

The deal comes as the UK government works toward a significantly decarbonised power system by 2030. Expanding utility-scale solar capacity and battery storage is seen as critical to meeting national climate targets.

Philippe Tabouis, Head of Infrastructure and Development Finance Group for Europe at Standard Chartered, said the transaction shows how portfolio-based funding can accelerate renewable deployment at scale.

He added that the partnership provides long-term capital and disciplined structuring to support large-scale solar assets aligned with the UK’s clean energy ambitions.

Standard Chartered Expands Green Finance Strategy

The Standard Chartered UK solar financing announcement follows another recent clean energy investment by the bank. In May 2025, Standard Chartered supported a £1.036 billion package for a new battery gigafactory in Sunderland, England.

The project is expected to strengthen the UK electric vehicle supply chain and create economic benefits for the region.

Standard Chartered says supporting the transition to net zero remains central to its banking strategy. The lender aims to reach net-zero emissions in its own operations and mobilise US$300 billion in sustainable and transition finance by 2030.