Pathfinder secures €100M for 400MW solar, 200MW storage

en.Wedoany.com Reported - UK clean energy infrastructure developer Pathfinder Clean Energy (PACE) has secured a €100 million (approximately $113.4 million) convertible bond investment from investment management firm RGREEN INVEST to support the deployment of its solar photovoltaic and battery energy storage system (BESS) project portfolio in the UK.

The investment will drive PACE's transition from a developer to an owner and operator of clean infrastructure, funding the construction of a portfolio of nearly 400MW of solar photovoltaic and over 200MW of BESS projects, while advancing its development pipeline, including clean data center projects. Among PACE's clean energy projects, eight totaling 250MWp have secured contracts through the UK's latest Contracts for Difference (CfD) allocation (AR7a). The portfolio adopts a co-location strategy, combining solar photovoltaic with BESS, with the financing proceeds primarily used for the construction of these assets over the next two years. PACE Managing Director Rob Denman stated: "The UK's clean infrastructure ambitions are significant, and PACE's permitted pipeline, experienced team, and extensive construction projects position us uniquely to deliver projects."

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