greentech, a European solar and storage specialist, and Lombard, a leading UK asset finance provider, have reached financial close on the 25.9 MW Chalkpit Solar Farm in Dover, Kent. The project, backed by Lombard with a £15 million senior debt facility, will see construction begin this month.
This represents the first in a series of UK-based solar developments by greentech totalling about 160 MWp that have achieved planning consent and are ready-to-build. For greentech, this milestone represents a decisive step in building a long-term UK asset base under its new independent power producer (IPP) strategy.
The solar farm should be energised by summer 2026. It will create enough renewable energy to power approximately 7,500 average 4-person households annually, displacing an estimated 10.000 tonnes of CO₂emissions each year.
For Lombard, the investment underscores its role in financing infrastructure that drives decarbonisation and energy security. Speaking to The Voice of Renewables Tom Bosson, Director of Renewable Energy for Lombard Specialist Sectors said: “This lending reflects our commitment to supporting sustainable infrastructure that contributes to the UK’s net-zero ambitions. By working with greentech, we can help bring forward renewable energy capacity that delivers both environmental and long-term economic value. We hope to support other UK’s projects of greentech’s in the future.”
“Reaching financial close on our first UK project is a pivotal moment for greentech,” said Yaw Ofori, Managing Director UK at greentech told us. “We are proud to enter the market as an independent power producer with a pipeline of matured projects ready to be delivered. Partnering with Lombard allows us to combine our development expertise with strong financial backing to accelerate the UK’s clean energy transition.”
With multiple additional projects submitted to the NESO (National Energy System Operator) as part of the Gate 2 Grid Reform process, greentech is positioned to deliver more than 5 GW of solar capacity in the UK in the coming years — reinforcing its role as a growing IPP and contributing to the country’s path to net zero.
About Lombard
Lombard is the UK’s largest asset finance provider. The company has been supporting businesses for over 160 years; whether investing in vehicles, equipment or cutting-edge technology, Lombard’s business finance solutions give businesses the tools to help them grow and thrive.
Part of the NatWest Group, Lombard has been funding renewable energy projects since 2010. It has a dedicated team providing specialist funding support for businesses looking to invest in renewable energy projects. Please contact sustainability@lombard.co.uk to learn more about the funding support available.
About greentech
greentech is an integrated solar and storage specialist: The areas of business include project development, asset management for institutional investors as well as design, construction and operational management of photovoltaic (PV) power plants and battery energy storage systems (BESS) in selected European markets.
In addition, greentech offers further services in the areas of engineering, technical consulting, financing and electricity marketing. With an interdisciplinary team of more than 200 people at several locations in Germany, the UK, Ireland and Italy, greentech is active in nine countries.
greentech manages a portfolio of over 1.8 GW in technical asset and portfolio management, has built solar power plants with a capacity of more than 300 MWp to date and has its own PV and BESS project development pipeline of more than 10 GW in Germany, the UK and Italy.
This makes greentech one of the largest independent solar and storage specialists in Europe. www.greentech.energy
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