Atrato Onsite Energy, an investment company focused on clean energy generation, has arranged a £30m revolving credit facility (RCF) with NatWest Bank.

The £30m secured, interest-only RCF has an initial three-year term and a one-year extension option at a margin of 1.30% over SONIA.

Atrato Onsite Energy specialises in clean energy generation with 100% carbon traceability, and focuses on the UK commercial solar sector, helping its corporate clients achieve net zero and reduce their energy bills.

It confirmed that the new RCF also includes a £20m uncommitted accordion option which is exercisable at any time over the initial term.

Managing director of Atrato Partners, the investment adviser to Atrato Onsite Energy, Gurpreet Gujral, said: “This new RCF will underpin the next stage of the Company's growth, providing the financial flexibility to capitalise on its significant pipeline of opportunities.

“The attractive margin of 1.30% reflects the company’s highly contracted income and low sensitivity to wholesale power prices.”

Director of infrastructure and project finance at NatWest, Alex Jones, added: “We are absolutely delighted to have been able to support Atrato Onsite Energy, one of the largest investors in commercial rooftop solar in the UK, with its first revolving credit facility.

“NatWest has committed to providing £100bn of funding by 2025 to support the UK’s transition to a net zero economy and this investment represents another step forward in our aim to help businesses reduce their carbon emissions and take advantage of the growth opportunities associated with a low carbon economy.”

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