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12 May 2025

Enray Power Secures Financing for First Solar and BESS Development

12 May 2025  by solarpowerportal   
Enray Power, a UK-based solar photovoltaic (PV) developer and operator, has secured financial close for its 68.5MWp Camblesforth Solar Farm, co-located with a 24MWh battery energy storage system (BESS) near Selby, North Yorkshire. This marks Enray’s first project integrating both solar PV and BESS technologies.


The largest operational solar plant in Yorkshire is the 55MW Skeeby project owned and operated by Atrato Onsite Energy

Construction of the Camblesforth Solar Farm is underway, with project finance, procurement, and offtake agreements finalized. The development surpasses Yorkshire’s current largest operational solar plant, the 55MW Skeeby project managed by Atrato Onsite Energy. Senior debt financing was secured through Rabobank, a Dutch bank that recently supported Aukera Energy’s solar projects. The financing agreement with Rabobank utilizes multiple facilities, enabling Enray to fully deliver the project without external investment.

Founded in 2020, Enray Power is majority-owned by Omnes Capital, a private equity firm focused on the energy transition. The company also collaborated with Akereos Capital, which provided debt advisory, bookrunning, and structuring services. Akereos, previously involved in TagEnergy’s €570 million green bond, arranged the power purchase agreement (PPA) and BESS optimization agreements with a leading multinational organization, though further transaction details remain undisclosed.

An Enray Power spokesperson stated: “Enray is also partnered with financial advisors Akereos Capital, which provided debt advisory, bookrunning and structuring services.” To optimize BESS integration, Enray utilized data from Aurora Energy Research, while legal advisory for the financing was provided by UK law firm Burges Salmon LLP.

Enray Power aims to establish itself as a leading independent power producer (IPP) in the UK, with a 1.5GW pipeline of advanced-stage solar and storage projects. The Camblesforth Solar Farm is currently the company’s only project under construction, reflecting its strategic focus on renewable energy development.

The project underscores Enray’s commitment to advancing the UK’s renewable energy landscape by combining solar power with battery storage to enhance grid reliability and support the transition to sustainable energy sources. The collaboration with Rabobank, Omnes Capital, and Akereos Capital positions Enray to deliver innovative energy solutions in North Yorkshire and beyond.

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