Cero Generation and Enso Energy secure financing for UK solar and battery storage project

Cero Generation and Enso Energy's successful financing of the Bumble Bee project signifies a growing trend in the UK's renewable energy sector: the co-location of solar PV generation with battery energy storage systems (BESS). Securing debt financing from a consortium of established lenders, including ING, NORD/LB, Rabobank, and Santander UK, demonstrates the increasing bankability of these integrated projects. This project will add 78 MWp of solar capacity and 120 MW of battery storage to the UK grid, contributing to the nation's decarbonization goals and grid stability. The Bumble Bee project's financing underscores the strategic importance of BESS in supporting the intermittency of renewable energy sources. The involvement of experienced developers like Cero Generation and Enso Energy, coupled with the backing of reputable financial institutions, signals confidence in the project's viability and the broader market for co-located solar and storage. This deal is likely to encourage further investment in similar projects across the UK, accelerating the transition to a cleaner energy future.