Hogan Lovells advises Hometree on a landmark £250 million asset-backed facility for UK’s first residential renewable securitisation

The asset-backed debt facility will finance loans and leases for solar panels, batteries, and heat pump installations across the UK, accelerating the transition to clean, renewable energy. Hometree’s ambition is to decarbonise over one million homes by 2030 and its plans is to build Europe’s leading residential energy services business. This facility marks the UK’s inaugural residential renewable securitisation, positioning Hometree as a leader in shaping a new asset class which will support these plans and finance over 28,000 residential solar panel systems, batteries and heat pumps across the UK over the next two years.

Julian Craughan, Securitisation Partner and Head of Capital Markets – International said: "We are delighted to have been able to support Hometree and Barclays in this inaugural transaction for the UK. We continue to position ourselves strategically to support on energy transition asset classes such as these and see significant potential in this market going forward". 

The Hogan Lovells team advising Hometree was led by securitisation partner Julian Craughan and associate Steven Minke with support from counsel Chris Hyde in the tax practice and James Black in the Financial Services Regulatory practice. 

This transaction joins a long list of green securitisations the firm has advised on across the European market in recent years.