Atrato Onsite Energy, a leading UK commercial and industrial (C&I) solar specialist, has secured a groundbreaking £250 million financing facility through an Asset-Backed Securitization (ABS) warehouse. This marks the first ABS warehouse in the UK solar C&I sector, underlining Atrato’s commitment to accelerating its renewable energy projects and contributing to the UK’s transition to cleaner energy sources.
The ABS warehouse, financed by Barclays Bank PLC, will provide Atrato Onsite Energy with the capital needed to further expand its portfolio of rooftop and ground-mounted solar installations. The transaction is set to support the company’s long-term goal of investing £1 billion in solar energy by 2030, offering affordable and sustainable energy solutions to UK corporates.
Since its inception in November 2021, Atrato Onsite Energy has quickly built a robust portfolio of over 240 MW of solar assets, which have contributed to reducing CO2 emissions by 50,000 tonnes annually—equivalent to planting 2 million trees. The company, now under the ownership of Brookfield Renewables and Real Assets Investment Management Ltd, has signed 10 power purchase agreements (PPAs) and reached financial close on 42 MW of projects since its acquisition in November 2024.
Atrato Onsite Energy’s CEO, Gurpreet Gujral, highlighted the company’s impressive growth and the significance of the new facility: “With unprecedented demand for our solar solutions, this new facility provides us with an additional £250 million of capacity, on top of the capital support from our investors. This enables us to tap into our pipeline and brings us closer to our goal of becoming the largest provider of C&I solar in Europe.”
Barclays Bank PLC’s Gordon Beck, Head of Corporate & Sustainable Securitisation EMEA, expressed the bank’s commitment to supporting sustainable energy initiatives: “We are proud to support Atrato Onsite Energy with this landmark financing, demonstrating our commitment to enabling corporates to transition to cleaner sources of energy while fostering sustainable economic growth in the UK.”
The ABS warehouse facility represents a significant step in Atrato’s strategic expansion, enabling faster deployment of solar energy solutions to meet growing demand from corporate clients such as Amazon, Britvic, Nissan, and Tesco. With Barclays’ financing support, Atrato is poised to continue its rapid growth and strengthen its position as a leader in the UK’s renewable energy market.
Atrato Onsite Energy is an independent power producer focused on the development and investment of renewable energy infrastructure, primarily in the commercial and industrial solar sector. Acquired by Brookfield Renewables and Real Assets Investment Management Ltd in November 2024, Atrato continues to deliver clean energy solutions to UK corporates, furthering its mission to become the largest provider of C&I solar in Europe.