News release

JLL advises on Railpen's investment in renewable energy developer AGR Power

JLL's Energy & Infrastructure Advisory team supports investment to accelerate development of renewable energy projects in Europe

June 21, 2024

Nicole Sansom

EMEA Communications Manager
+44 7543 305 152

LONDON, 21 JUNE 2024 - JLL has provided commercial advisory services to Railway Pension Trustee Company Limited (“Railpen”) related to their equity investment in AGR Power Limited (“AGR”), supporting the build out of AGR’s utility scale solar, BESS and greenhouse projects across Europe.

Railpen is one of the largest pension managers in the UK and responsible for managing £34 billion of assets on behalf of over 350,000 members, with over £500m invested into UK energy infrastructure projects since 2019 including wind, solar, biomass and energy storage. AGR is a leading London-based renewable energy and sustainable infrastructure developer, over 55 projects totalling 1.1GW of installed renewable capacity.

Leveraging the combined regional expertise of its Energy & Infrastructure team across the UK and Italy, JLL collaborated with Railpen to provide support and transaction advisory services. This included conducting valuation and commercial due diligence for AGR's portfolio in both the UK and Italy. The transaction builds on JLL’s track record as one of the leading European financial advisors in the energy transition sector providing a range of corporate finance advisory services across Europe and in different technologies (e.g. PV, Wind, BESS, Hydrogen)

James Lythgoe, Associate Director, of JLL’s Energy & Infrastructure Advisory team, said, “The Pan-European JLL team is very proud to have contributed to this important transaction in the renewable energy sector, involving a mix of technologies and geographies. We look forward to seeing the projects being connected in the coming years”.

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit