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Investec Energy & Infrastructure Finance UK closes a £306 million debt financing package as part of a consortium of 6 banks, for Infinis Energy Management Ltd

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Infinis Energy Management Ltd (“Infinis”), a leading low carbon electricity generator owned by 3i Infrastructure, secured the £306 million senior debt financing package from a consortium of six banks, including Investec Bank plc.

Infinis will use the funding to optimise its capital structure and to fund near-term construction capital expenditure on solar photovoltaic (PV) and battery energy storage projects in the UK. Infinis has around 500 megawatts of installed capacity and a development pipeline of more than 1 gigawatts (GW).

Keith Reid Chief Financial Officer at Infinis said: “Infinis is at an exciting point in its development and construction of 1GW of new projects. This financing supports the acceleration of new solar and battery projects, which will help us play a key role in supporting the UK’s transition to net zero.”

Anupam Sharma Investec Energy & Infrastructure Finance UK said: “Investec is delighted to partner with Infinis and 3i Infrastructure on this important transaction. The proceeds of this financing will enable Infinis to continue growing its solar PV platform and cement their position as a UK leader in low carbon energy generation.”

 

About Infinis

Infinis is a leading low carbon electricity generator. Its core business is generating electricity by capturing the greenhouse gas methane from over 100 landfill sites and disused coal mines in the UK. The company was established in 2004 and has about 500 megawatts of installed capacity. Infinis is also diversifying its business by moving into other low carbon technologies. These include solar PV and battery energy storage. It has a development pipeline of more than 1 gigawatts.

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