Elgin Energy is a full-service, utility scale, solar+storage developer bringing projects from origination through development. The company has a portfolio of projects in late-stage development totalling over 3GW across three key markets of the UK, Australia, and Ireland.
As of 2022, Elgin Energy agreed to sell the UK’s largest solar PV transaction to date consisting of a portfolio of 12 projects with a combined capacity of 519MW of projects including 70MW of collocated energy storage capacity to Scottish Power Renewables (UK) Limited, a wholly-owned subsidiary of global utility Iberdrola Group.
In 2021, Elgin Energy secured financing with Berenberg Green Energy Fund for the development of solar PV projects totalling 1.36GW in the UK and Ireland and also raised £25 million via Focus Capital Partners to fund its growth strategy across its core markets. In 2020, the company partnered, in separate transactions, with both Foresight Group and Metka-EGN in relation to two portfolios to deliver a total of 276MW of UK solar development projects and was successful with two Irish solar projects in Ireland’s first solar auction, RESS-1 – Renewable Energy Support Scheme (RESS). In addition to the above, Elgin Energy delivered 21 solar projects, totalling 230MW, before the UK Government’s Renewables Obligation (ROCs) scheme ended in 2017.
Elgin Energy works with long-term strategic partners to deliver projects to the energization and provides asset management services through their operational life. The company has expanded internationally over the last 12 years with a professional team of engineers, accountants, and lawyers located in its London, Dublin, and Sydney offices. Elgin has a 98% success rate through planning across all its markets.