Hogan Lovells advises Barclays on a landmark £250 million asset-backed facility for Atrato Onsite Energy

The originator, Atrato Onsite Energy, is the largest owner of commercial rooftop solar assets in the UK, and manages rooftop and ground mounted solar PV systems exceeding 240MW on commercial sites across in the UK, targeting £1bn of investments in solar by 2030. The facility provided by Barclays will support Atrato Onsite Energy to meet the unprecedented demand for solar solutions and their ambitions in this sector. 

Julian Craughan, Securitisation Partner and Head of Capital Markets – International said: “We are delighted to have advised Barclays on this landmark financing deal, marking a first in the market. We remain strategically focused on supporting energy asset classes like this and see strong long-term potential in this evolving market.”

The Hogan Lovells team advising Barclays was led by securitisation partner Julian Craughan and associate Steven Minke.

The team was supported by lawyers across numerous practices within the firm: associate Dhruv Savara, trainee solicitors Pedro Valverde and Harshal Laxman (Securitisation); partner Philip Harle and counsel Chris Hyde (Tax); partners Gill McGreevy and Paul Tonkin and senior associate Thomas Leonard (Real Estate); counsel knowledge lawyer Margaret Kemp (Restructuring and Special Solutions); counsel knowledge lawyer Claire Ellis and associate Lucy Johnson (Banking and Loan Finance); and partner Phil Brown and associate Theo Cornish (Infrastructure, Energy, Resources & Projects). 

This transaction joins a long list of green securitisations and market firsts the firm has advised on across the European market in recent years. The firm's track record in this space was recently recognised by the Global Capital Awards, where the firm won ESG law firm of the year, amongst other awards.