/LONDON, April 15, 2026, 10:30 BST, RENEWABLE MARKET WATCH™/ Copenhagen Infrastructure Partners (CIP), via its portfolio company Elgin, is arranging up to £500 million in structured debt financing to support the development and construction of a diversified portfolio of solar photovoltaic (PV) and co-located battery energy storage system (BESS) projects across the United Kingdom. This capital raise underscores CIP’s commitment to accelerating the UK’s clean energy transition and enhancing grid resilience through large-scale, integrated renewable infrastructure.
The transaction is being executed through CIP’s Flagship Fund V (CIV), reinforcing its position as a global leader in renewable energy investment. In 2024, CIP strategically acquired a controlling interest in Elgin to strengthen its foothold in the UK and European markets. Platform financing structures are becoming a preferred approach within the energy and infrastructure sectors. By securing financing for an entire portfolio under a unified framework, sponsors gain enhanced flexibility to acquire or dispose of assets, raise incremental capital, and efficiently manage the delivery of diverse project pipelines. This contrasts with the constraints of traditional single-asset financings and enables more agile capital deployment.
Elgin is recognised as a leading international solar platform, with a proven track record of delivering high-impact renewable energy projects across key European markets, including Ireland, the United Kingdom, Italy, and Germany.
Societe Generale is acting as Mandated Lead Arranger, Bookrunner, and Hedge Counterparty for this financing transaction, working in close collaboration with a syndicate of four additional financial institutions to ensure robust capital structuring and risk management.
This financing initiative builds on the recent successful funding of CIP’s acquisition of Ørsted’s European onshore renewables business, which contributed more than 800 megawatts (MW) of operational and under-construction assets, as well as a multi-gigawatt pipeline of development projects, to CIP’s expansive renewable energy portfolio.
In that transaction, Societe Generale served as Underwriter, Mandated Lead Arranger, Bookrunner, and Deal Contingent Hedge Provider, working alongside three partner banks. Additionally, Societe Generale served as the Account Bank, Facility Agent, and Security Agent. Both the Elgin and Ørsted financings utilise platform-based structures, exemplifying CIP’s strategic focus on scalable, flexible capital solutions to accelerate the growth of the UK’s renewable energy sector.
For more information and answers to your questions about the solar and battery storage market in the United Kingdom and other European countries, and related content, you may read here: Europe Solar Photovoltaic (PV) and Battery Energy Storage System (BESS) Market Outlooks 2025 ÷ 2034
In order to download the executive summary brochure with sample pages, please access it here: Europe Battery Energy Storage System (BESS) Market Outlook – Sample
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