UrbanChain signs private-market PPA that makes new renewable asset bankable

UrbanChain has signed the first generation power purchase agreement within its private energy market with Eden Sustainable Power being the private market operator, making a new renewable asset bankable.

The agreement is with Black Torrington Solar Ltd, a new 8MW solar asset in Devon, and which is now a subsidiary of Eden Sustainable Power Ltd. The deal has reached financial close and is expected to be operational by summer 2026, the project is projected to generate around 9 GWh of electricity each year.

It is the first generation asset to be built, financed and contracted through UrbanChain’s private market model. A leading UK financial institution is providing project finance, while Eden Sustainable Power structured the deal, owns and operates the generation asset.

Power from the renewable asset will be matched directly to UK industrial manufacturing demand through UrbanChain’s platform.

“UrbanChain was built to change how renewable energy reaches the businesses that need it. This agreement shows that a private energy market can create the structural conditions for new renewable assets to be financed while giving industry long-term price stability. That combination is essential if new renewable generation is going to be built at scale.”

Dr Somayeh Taheri, CEO, UrbanChain

UrbanChain 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.

“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.”

Charlie Parry, Chief Growth Officer, UrbanChain

Eden Sustainable Power structured the deal, owns and operates the generation asset. The project funder, a leading UK financial institution, is providing project finance for the solar asset and approved the PPA structure as part of that process.

“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.”

Scott Burrows, Founder and Director, Eden Sustainable Power

UC Energy Ltd is UrbanChain’s licensed supply entity and the contracting party to the generation PPA.