The company will use the £60 million funding package to expand its pipeline of large-scale solar projects. It also plans to grow its presence in overseas markets, building on its reputation as a UK leader in sustainable infrastructure.
Hive specialises in preparing solar power projects for construction, before transferring them to investors and long-term operators to build and manage.
The funding package from HSBC UK includes a facility supported by UK Export Finance (UKEF), building on Hive’s previous facility and offering greater flexibility to take on larger projects and unlock new export opportunities. A second funding stream will support day-to-day operations and help manage the company’s growing portfolio.
To date, Hive has completed 60 ready-to-build solar projects across seven countries, generating 3,066 megawatts of clean energy worldwide. The new financial support will enable the business to scale up delivery – contributing to the UK’s clean energy transition and reinforcing its role as a global exporter of utility-scale solar infrastructure.
