Clean energy developer British Solar Renewables (BSR) has secured a £345 million debt facility for 609MW of 12 solar and co-located solar and battery energy storage system (BESS) projects.
Once operational, the 12 projects were set to generate 600GWh of clean electricity each year. This will support the UK’s push towards its 2050 net zero target and address ongoing energy security concerns.
Branding this as a “landmark transaction,” Michael Ozersky, chief investment officer of BSR, said that this financing highlights the “strength of BSR’s co-location strategy.”
BSR secured a £345 million senior structured debt facility in its second major financing round. The deal was backed by a consortium of lenders, including Lloyds, the Commonwealth Bank of Australia (CBA), Landesbank Baden-Württemberg (LBBW) and NatWest.
Bracewell LLP served as legal advisor to BSR for the financing transaction, while Lloyds acted as the sole structuring bank for the transaction. Tony Hable, managing director at Lloyds, said that this second successful portfolio financing will support the firm’s ambitious growth targets.
In June last year, BSR closed its first portfolio financing round for a five-project portfolio across the UK and Australia. The sites collectively aim to generate 132GWh of solar power annually. Financing was provided by the Commonwealth Bank of Australia and Lloyds Bank.
The company has set a bold target to develop 7,000MW of renewable capacity by 2027. Recently, BSR submitted a planning application for a 15MW solar farm near Maidstone, Kent. The proposed Harp Farm Solar Park would span 76 acres and include biodiversity measures such as wildflower meadows and nesting boxes for bats, birds, and dormice. If approved, it aimed to deliver a minimum 60% biodiversity net gain and be restored after a 40-year lifespan.
Moreover, BSR launched a community consultation for its proposed Hooton Pagnell Renewable Park near Doncaster in June 2025. The project, planned to span 94 hectares in South Yorkshire, features a 49.9MW solar PV plant and a 30MW battery storage system. It aims to support local energy resilience and sustainability goals.
Additionally, BSR secured planning approval for four UK solar projects in 2024 including, the 21MWp Park Farm and Town Farm Solar Parks in Suffolk, the 19MW Dengie Solar Park in Essex and the 49.9MW Knowl Green Solar Park, also in Essex.
