🏆 Deal of the Week · CW 52/2025
Renewco Power raised GBP 29 million in a Venture – Series Unknown round; valuation remains undisclosed. The round was led by a GBP 20 million commitment from Scottish National Investment Bank, with the remaining GBP 9 million contributed by existing shareholder SSE plc.
Renewco Power — key deal facts
| Company | Renewco Power |
| Founded | 2021 |
| Headquarters | Glasgow, United Kingdom |
| Amount raised | GBP 29m |
| Valuation | Valuation Remains Undisclosed |
| Round | Venture – Series Unknown |
| Investors | The investment round was led by a £20 million commitment from Scottish National Investment Bank, alongside a further £9 million from existing shareholder SSE plc |
| Sectors | Renewable Energy |
Who invested in Renewco Power?
The round was led by Scottish National Investment Bank, which committed GBP 20 million, joined by SSE plc, which contributed a further GBP 9 million as an existing shareholder. The pairing of a Scottish public development bank with one of the UK's largest energy utilities signals institutional confidence in Renewco's utility-scale pipeline and its ability to deploy capital at speed across multiple markets.
What does Renewco Power do?
Renewco Power is a renewable energy developer founded in 2021 and headquartered in Glasgow, Scotland. The company develops utility-scale solar, onshore wind, battery storage, and green hydrogen projects, actively managing a development pipeline of approximately 7 GW across the UK, Spain, Italy, and the United States. Renewco was established by a team of experienced entrepreneurs and renewable sector specialists, with Gavin McCallum serving as CEO. The firm maintains additional offices in Edinburgh, London, Madrid, and Milan, reflecting the geographic scope of its project pipeline.
Renewco Power valuation & multiples
Frequently asked questions
How much did Renewco Power raise in its Venture – Series Unknown?
Renewco Power raised GBP 29 million in a Venture – Series Unknown round.
What is Renewco Power's valuation?
Renewco Power's valuation was not disclosed as part of this funding round.
Who invested in Renewco Power?
The round was led by Scottish National Investment Bank with a GBP 20 million commitment, alongside a GBP 9 million contribution from existing shareholder SSE plc.
When was Renewco Power founded and where is it based?
Renewco Power was founded in 2021 and is headquartered in Glasgow, Scotland.
Source: original announcement — read the full report.