UrbanChain said it has signed a power purchase agreement within its private energy market.
Power from a solar farm will be matched directly to UK industrial manufacturing demand through UrbanChain’s platform.
In the agreement Black Torrington Solar Ltd, a new 8MW solar asset in Devon, is now a subsidiary of Eden Sustainable Power Ltd. The deal has reached financial close and is expected to be operational by summer 2026.
A UK financial institution is providing project finance, while Eden Sustainable Power structured the deal, and it owns and operates the solar farm. Urban Chain says the deal makes a new renewable asset bankable. It acts as the licensed supplier and platform operator, managing matching, settlement and the structural protections that make the arrangement bankable. Generation and demand are matched across half-hourly settlement periods, aligning supply and consumption by time and location.
Charlie Parry, Chief Growth Officer, UrbanChain, said: “We’ve built a structure that makes new renewable assets bankable through private markets – and it’s repeatable. Generators get a route to market at a stronger price than wholesale, backed by long-term contracted demand. Consumers get price certainty they can’t get anywhere else. Corporate PPAs today serve maybe 5% of the market. The other 95% – the manufacturers, the generators, the funders who can’t access conventional structures – that’s who this is for. Our platform connects them, and it scales. That’s the opportunity.”
Scott Burrows, Founder and Director, Eden Sustainable Power, said: “Black Torrington is a new-build asset. Getting project finance for a new solar site without a subsidy or a single investment-grade offtaker is hard. The private market structure through UrbanChain gave us a bankable PPA with a diversified demand base and a clear revenue floor – that’s what got the funder over the line. We’re already looking at how we bring further assets into the same framework. Over the years we have always looked to do things that can create genuine additionality for our critical sector, and this feels like one of those moments.”
UC Energy Ltd is UrbanChain’s licensed supply entity and the contracting party to the generation PPA.