Hogan Lovells advises Crédit Agricole CIB on £100 million private securitisation warehouse facility for UK’s first solar subscription service

The facility will enable Sunsave to accelerate the rollout of its innovative solar subscription service, Sunsave Plus, supporting the installation of rooftop solar panels for tens of thousands of British households as consumers seek long-term relief from rising energy costs.

The new facility forms part of Sunsave’s broader strategy to become the UK’s first all-in-one home energy platform. Over time, the company plans to expand its subscription model to include complementary technologies such as EV chargers and heat pumps.

The Hogan Lovells team supported Crédit Agricole CIB on legal structuring and documentation, and was led by securitisation partner Julian Craughan and senior associate Steven Minke, supported by trainee Harshal Laxman.

Julian Craughan, Securitisation Partner and Head of Capital Markets – International, said: “We’re pleased to have supported Crédit Agricole CIB on this latest UK renewables transaction, which brings further innovation to the UK residential energy market. Sunsave’s solar subscription model is another compelling example of how structured finance can help accelerate the energy transition by making clean technologies more accessible to households. This deal underscores our commitment to supporting clients on complex, sustainable finance transactions across Europe.”

The team was further supported by Jennifer O'Connell (partner), Aneil Ramroop (senior associate) and Hannah Okorafor (associate) from the Derivatives team and Kit Johnson (partner), Axel Delaud (senior associate) and Isobel Bull (senior associate) from the Trustee and Agency team.

IDCM Limited acted as sole financial advisor to Sunsave.

This transaction builds on Hogan Lovells’ strong track record advising on green and sustainable securitisations across the European market.