Gülermak Renewables secures £35 million financing from NORD/LB for 48 MW Hanningfield solar farm

Type: Financing · Technology: Solar · Country: United Kingdom · Capacity: 48 MW · Value: $35M · Announced: 2026-09-24

Gülermak Renewables secured £35 million in financing from NORD/LB to fund construction of the 48 MW Hanningfield solar farm in Essex, UK. Commercial operations are scheduled to begin in August 2027. The project has secured a 20-year Contract for Difference under Allocation Round 7, covering all electricity generated, alongside a 10-year route-to-market agreement with ElectroRoute. This transaction marks Gülermak's first UK project financing deal since its establishment in 2023 and follows £30.4 million in financing announced earlier this month for a portfolio of solar projects in Poland. TLT LLP acted as legal adviser to NORD/LB, while Hunton Andrews Kurth LLP advised Gülermak Renewables on the transaction.

Analysis

Gülermak Renewables secured £35 million financing from NORD/LB for the 48 MW Hanningfield solar farm in Essex, United Kingdom. NORD/LB is a German Landesbank that provides structured finance, syndications and investment services to corporate customers, savings banks and private investors. Gülermak Renewables, founded in 2023, announced £30.4 million financing earlier in September 2026 for a portfolio of solar projects in Poland. The Hanningfield project is covered by a 20‑year Contract for Difference awarded in Allocation Round 7 and a 10‑year route‑to‑market agreement with ElectroRoute. Commercial operations are scheduled to begin in August 2027 with TLT LLP advising NORD/LB and Hunton Andrews Kurth LLP advising Gülermak.

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