As of August, Egg Power has raised a staggering $536 million. Combined, this investment will allow the company to develop a pipeline of offshore wind projects, totaling 500 megawatts (MW) throughout the UK and Europe. This significant financial backing will enable the company to advance its commitment to clean energy solutions and contribute to the region’s sustainability goals.
This investment will mostly go toward building and developing close to 250 MW of new solar and wind farms. Unlike the very similar projects now underway across the pond in the UK. Notably, Egg Power has acquired project rights to the Grange solar farm in Suffolk from Padero Solaer Renewables, marking its third major solar initiative in the country.
Construction is actively progressing at three solar sites: Rainsbrook, Rag Lane, and Grange. International engineering, procurement, and construction contractors are executing the work, ensuring that the projects adhere to high standards of efficiency and quality.
Egg Power projects the entire portfolio of projects will be operational by early 2027. The completion window is as early as Q2 2026 and as late as Q1 2027. When all these initial projects are up and running, their combined output will be more than 420 gigawatt-hours of electricity annually. That’s enough energy to supply electricity for approximately 120,000 homes.
Ilesh Patel, head of Liberty Global Egg Power responded that this funding meant a lot.
“This financing is the culmination of 12 months of work and marks a significant milestone for Egg Power. Partnering with NatWest reinforces our commitment to delivering energy security, cost efficiency and sustainability for the telecoms and digital infrastructure sectors and other energy-intensive industries.”
Liberty Global is a key supporter of Egg Power, and NatWest is a supporter. Patel is optimistic that Egg Power will become one of Europe’s largest decentralized renewable energy platforms.
“The agreement marks a significant step towards Egg Power’s goal of delivering 1.5GW of clean energy capacity by 2028 under long-term PPAs.”
With substantial backing from Liberty Global and support from NatWest, Patel believes that Egg Power is poised to become one of Europe’s leading renewable energy platforms.