Elgin has secured up to GBP500m (EUR573m) of funding from a banking syndicate to accelerate the construction of its UK solar and storage pipeline (Elgin press release, 14/04/2026). The pipeline includes about 676 MW of capacity secured by Elgin in past Allocation Rounds of the UK’s Contracts for Difference (CfD) auction scheme (382 MW in AR7, 164 MW in AR6 and 130 MW in AR5). Construction of some of the projects has already started and the company expects to put online its projects before 2030. Once the projects become operational, they should help avoid the emission of over 200 ktCO2, contributing to the country’s net zero targets.
Elgin is an Independent Power Producer (IPP) funded in 2009 and backed by Copenhagen Infrastructure Partners (CIP). It specialises in the development, construction, ownership and operation of utility-scale solar and storage facilities across the United Kingdom, Ireland, Germany and Italy. The company has delivered over 1 GW of ready-to-build projects, with more than 200 MW currently under construction across the UK and Ireland.
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