Akereos Capital advises Enray Power on £43m senior debt facility raise for the construction of a 71MW CfD asset in the UK

London, UK – 11. June 2026 – Akereos Capital is pleased to announce that it has advised Enray Power on the successful completion of a GBP 43million project financing with Cooperative Rabobank U.A. for the Carlton Solar Farm project. The 71MW solar asset is located in North Yorkshire in the United Kingdom. Construction of the asset is expected to be finalized in Q4 of 2027 with the project benefitting from a combination of both AR6 and AR7 CfD for up to 20 years. This financing is the first phase of a wider transaction under a framework agreement with the next asset expected to accede within the next few months. 

The facility includes a term loan to fund construction costs and ancillary facilities to cover additional needs such as DSRF, VAT and a REGO. Akereos Capital acted as sole advisor for the debt raise and structuring, which also included placing a CPI swap to hedge inflation risk and support cashflows.

Enray was advised by Watson Farley & Williams (legal) whilst Rabo Bank were advised by TLT LP (legal).

This transaction stands as an important milestone in Enray’s partnership with Akereos Capital following recent financing of its CamblesForth Solar Farm project with Rabo Bank on which Akereos Capital advised Enray.

These milestones bolster Enray’s presence in the UK market and set the stage for further expansion.