Innova announces refinancing and extension of senior debt facility

Innova announces refinancing and extension of senior debt facility

1st July 2025 – Innova is pleased to announce that it has completed the refinancing and extension of a senior loan facility with Triple Point.  The renewed facility enables Innova to continue to develop and realise value from its solar and battery portfolios. The commercial negotiations, project agreements and due diligence took place over several months with contributions from teams across the whole business, together with external legal advisers, Burgess Salmon.

Commenting on the announcement, Daniel Mushin, Chief Investment Officer at Innova, said:

“We are delighted to have completed this new facility with Triple Point. The fact that we were able to finalise this facility during a period of increased uncertainty in the renewables sector is a testament to the long-term relationship and collaborative approach taken by both companies.”

About Innova

Innova is a forward-thinking renewable energy business with offices in London and Cheltenham with over a decade of experience in the UK renewable energy sector. Innova’s long-term mission is to develop, build and operate a range of utility scale, innovative and environmentally sustainable energy solutions using multiple technologies.

Innova is one of the largest developers of renewable energy and data centres in the UK, with over 50 DNO and Transmission connected sites under development or in operation across England and Wales, with a combined solar and storage capacity exceeding 8GW and over 7GW of Data Centres.

Innova offers an integrated approach to renewable energy development and operations, with capabilities spanning the full life cycle of a project. This includes planning, grid connections, project rights development, financing, construction, asset management, power purchase agreements, and long-term operations.

For more information about Innova’s mission, projects and services, please visit www.innova.co.uk.