Augusta & Co supporting Liberty Global’s net zero strategy

Augusta & Co is proud to support Liberty Global’s pan-European clean energy platform, egg Power, regarding acquisitions, funding strategy and energy management.

As Liberty Global’s energy demand continues to grow rapidly, the build out of a low-carbon generation portfolio achieves both their ambitious decarbonisation goals while simultaneously reducing their exposure to volatility in the spot market. Augusta’s assignment encompasses financial and strategic advice to Liberty Global in their plan to acquire, develop and operate not only renewable infrastructure projects but also datacentres across the UK and Europe, both of which have strategic value to our client’s activity.

The acquisition of a 100% stake in the 50MW Rag Lane Solar Farm is the first of many renewable energy projects that Liberty Global will pursue in its commitment to deliver low-cost, clean energy to their customers.

Ilesh Patel, CCO for Energy Transition at Liberty Global commented: “This marks a significant milestone for Liberty Global’s net zero strategy. We are thrilled to collaborate with Augusta and look forward to an enduring partnership. Augusta’s experience and strategic guidance has been pivotal throughout the process, and they remain essential to the successful execution of our net zero strategy.”

James Knight, Partner at Augusta commented: “We are proud to be supporting Liberty Global as they manage the explosive growth of energy demand in the technology and telecommunication sectors. By accessing opportunities, supporting acquisitions and optimising the management, financing and offtake of their portfolio, Augusta is enabling high energy demand businesses across Europe, such as Liberty Global, to deliver on their net-zero commitments and journeys towards a greener future.”

Contacts:

James Knight JKnight@augustaco.com

Fraser Morrison FMorrison@augustaco.com