Hogan Lovells Advised Barclays On A landmark £250 Million Asset-Backed Facility For Atrato Onsite Energy
Hogan Lovells advised Barclays on a landmark £250 million asset-backed facility for Atrato Onsite Energy
Hogan Lovells advised Barclays Investment Bank on its landmark £250 million asset-backed debt facility to Atrato Onsite Energy for the UK’s first Commercial and Industrial solar backed warehouse securitisation.
Atrato Onsite Energy is the largest owner of commercial rooftop solar assets in the UK, and manages rooftop and ground mounted solar PV systems exceeding 240MW on commercial sites across in the UK, targeting £1bn of investments in solar by 2030.The new facility from Barclays will support Atrato in scaling its operations to meet rising demand for solar solutions.
The facility provided by Barclays will support Atrato Onsite Energy to meet the unprecedented demand for solar solutions and their ambitions in this sector.
Julian Craughan, Securitisation Partner and Head of Capital Markets – International said “We are delighted to have advised Barclays on this landmark financing deal, marking a first in the market. We remain strategically focused on supporting energy asset classes like this and see strong long-term potential in this evolving market.”
The Hogan Lovells team was led by Julian Craughan (Securitisation Partner) and Steven Minke (Associate).
The team was supported by Dhruv Savara (Associate), Pedro Valverde (Trainee Solicitor), Harshal Laxman (Trainee Solicitor, Securitisation), Philip Harle (Partner), Chris Hyde (Counsel, Tax), Gill McGreevy (Partner), and Paul Tonkin (Partner).
Other members included: Thomas Leonard (Senior Associate, Real Estate), Margaret Kemp (Counsel Knowledge Lawyer, Restructuring and Special Solutions), Claire Ellis (Counsel Knowledge Lawyer), Lucy Johnson (Associate, Banking and Loan Finance), Phil Brown (Partner), and Theo Cornish (Associate, Infrastructure, Energy, Resources & Projects).
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