£4.35 million will progress UK late-stage pipeline of 210MW
London, 1 March 2021: Elgin Energy (“Elgin” or “Elgin Energy”) and Focus Capital Partners (“Focus”) are pleased to announce the closure of their first fundraise for £4.35 million. Funds will be invested in a portfolio of 210 megawatts (MW) across several projects in the company’s UK late-stage pipeline.
Ronan Kilduff, Managing Director, Elgin Energy commented: “This engagement with Focus Capital Partners, a leading boutique corporate finance firm, demonstrates the strong demand that we are now witnessing for investment in clean energy technology. This partnership will expedite our progress in the delivery of unsubsidised UK solar projects and contribute towards UK net zero by 2050.”
Jack O’Keeffe, Director, Focus added: “We are delighted to be engaged with Elgin Energy, and to be supporting the development of their substantial portfolio. Elgin Energy’s proven track record, in addition to their qualified pipeline, is an attractive proposition for a successful relationship. Renewables and infrastructure are growth sectors where Focus Capital has been very involved and we see further opportunities in these key asset classes’ for investors and proven operators.”
Advisers to Elgin Energy
Legal: Gordon McElroy, MKB Law
For Elgin Energy
Anne Arnold, Communications Manager
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Notes to Editor
About Elgin Energy
Elgin Energy is an international solar developer, with over 3GW in development across the UK, Ireland, and Australia. The company delivers utility scale solar projects (20 – 100MW) from origination through the development process to energisation.
Elgin Energy has a portfolio of 62 UK-based projects in late-stage development, totalling over 2GW. The company delivered 21 projects, totalling 230MW, before the UK Government’s Renewables Obligation (ROCs) scheme ended in 2017.
About Focus Capital Partners
Focus Capital Partners is a boutique corporate finance firm with offices in Dublin and Limerick. We provide a broad suite of Corporate Finance Advisory and Capital Raising Services specialising in five key areas including; Equity Fundraising, Debt Funding, Mergers & Acquisition, sourcing Foreign Capital and Tax. We have over 20 senior staff with diverse and knowledgeable business backgrounds including ex CEO’s from Global Businesses and leading Partners from Professional Practice. Our clients comprise of leading Irish businesses, high net worth individuals and early growth stage business ventures throughout Ireland. We deliver value by working in partnership with our clients and putting their needs first.