Evolution Power secures £15 million development finance facility from Novuna Business Finance
Type: Financing · Technology: Solar · Country: United Kingdom · Value: GBP 15M · Announced: 2026-09-18
Evolution Power, a UK joint venture between Korkia and Evolution Power Holdings, secured a £15 million development finance facility from Novuna Business Finance to support its UK solar and battery storage portfolio. The financing backs approximately 300 MW of consented projects and a 3 GW pipeline of Nationally material Infrastructure Projects. Peter Bolton, Vice President, Portfolio Investments & Country Manager, UK at Korkia, highlighted the facility as a strong endorsement of the portfolio's quality and the team's development capabilities. Philippe Bazin, Head of Sustainable Energy and Green Infrastructure at Novuna, noted the collaborative approach and deep sector understanding that enabled the tailored funding solution.
Counterparties
- Evolution Power Holdings (Parent Company)
- Novuna Business Finance (Lender)
- Evolution Power (Developer)
- Korkia (Parent Company)
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