The investment will support Pathfinder Clean Energy’s (PACE) transition into an owner and operator of clean infrastructure and help finance the construction of a 400MW solar PV and 200MW BESS portfolio.
June 24, 2026
Solar PV and energy storage developer Pathfinder Clean Energy (PACE) has secured a €100 million (£86 million) convertible bond investment that will accelerate its ongoing construction of UK clean energy assets.
Secured through INFRAGREEN V, an infrastructure fund managed by investment management company RGREEN INVEST, this investment builds on a previous partnership between the two companies in June 2025.
The investment will support PACE’s transition into an owner and operator of clean infrastructure and help finance the construction of a nearly 400MW solar PV and more than 200MW battery energy storage system (BESS) portfolio, while advancing its development pipeline, including clean data centre projects.
Among the developer's clean energy pipeline are eight projects for a combined 250MWp that have secured Contracts for Difference (CfDs) through the latest Allocation Round 7 (AR7a).
The portfolio is built under a co-location strategy to combine solar PV with BESS, with the proceeds of the financing primarily dedicated to the construction of these assets over the next two years.
Related:Enviromena raises £175 million debt facility to accelerate 1GW UK solar pipeline
Beyond its ready-to-build portfolio, PACE has a total of 3GW of development pipeline across the UK and international markets. The company’s pipeline of projects will be carried out by its in-house engineering and asset management team.
Rob Denman, Managing Director at PACE said: “The UK’s clean infrastructure ambitions are substantial, and PACE’s permitted pipeline, experienced team and extensive construction programme puts us in an exceptional position to navigate delivery. Our UK and international developments put PACE at the forefront of the exciting and innovative clean infrastructure sector where the energy and digital sectors meet.” 
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Jonathan Touriño Jacobo
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