financing

The updated European Long Term Investment Fund regulation (ELTIF 2.0) gives institutional and private investors improved access to solar projects. At the same time, Power Purchase Agreements (PPAs) offer returns that are no longer tied to public subsidies.

Market players and policy-makers agree: To ensure a robust expansion of renewables, there must be more private-sector market mechanisms. The goal: fewer tenders and feed-in tariffs, and more direct power purchase agreements between electricity suppliers and consumers.

Global energy major EDP generates over 41 terawatt hours of renewable energy each year. Around a fifth of supply contracts serve data centres – a sector with a steadily growing appetite for electricity.

In order to ensure the robust expansion of solar energy in the future, more private market mechanisms must and will be created. Power Purchase Agreements play a decisive role in this. Find out more in next week's focus.

The Dutch company needs the growth capital to advance the repair and reuse of lithium-ion batteries in Europe. A new site is set to open in Poland this year.

France-based private equity firm Ardian has reached an agreement to acquire Akuo, an independent power producer specialising in renewable energy.

The Gas market operator MIBGAS has opened the auction process for the purchase of renewable hydrogen from DH2 Energy`s solar Hysencia plant in Aragón, which has an electrolysis capacity of 35 MW. Operations are anticipated to commence in the first half of 2027.

The solar energy company is offering employees a chance to invest in its new rooftop PV system in Polch, Germany – supporting the energy transition while generating financial benefits for the team.

Industrial electrification in Europe is struggling under high upfront costs, long investment cycles, rising energy prices, unfair taxation, and fossil fuel subsidies that still exceed €55 billion a year. Eurelectric is calling for an Electrification Bank as part of the EU Clean Industrial Deal.

NextEnergy Capital announces that NextPower UK ESG – the largest private fund focused specifically on new-build UK solar topped its original target of £500 million by nearly 50%.

The two partners signed a 10-year power purchase agreement (PPA) to supply over 50 GWh of solar energy annually from the new 96 MW Noordoostpolder solar park in Flevoland, starting in 2026.

The European Bank for Reconstruction and Development (EBRD) is lending up to €50 million to Tenevo Solar Technologies EAD to build and operate a fully merchant solar photo-voltaic plant in southeastern Bulgaria. A parallel financing facility of €53 million will be provided by Raiffeisen Bank International, making the total finance package €103 million.

Our next newsletter for investors will be published on February 12, 2025. It deals with the European Long Term Investment Fund (ELTIF). Its reform offers institutional and private investors significantly better investments in solar projects. Sign up for the newsletter to receive the latest B2B information on your desk!

Q ENERGY announced the debt financial close of its “Les Ilots Blandin” project for a total amount of EUR 50.4m, arranged by Crédit Agricole Transitions & Energies, through its financing arm Unifergie, and Bpifrance.

Axpo has signed a power purchase agreement (PPA) with British Solar Renewables (BSR) to buy clean energy from its 25 MW solar PV at Whaddon Farm, Wiltshire. The site is co-located with a utility-scale 16MWh battery energy storage system (BESS).

Capcora, an investment consultant specializing in renewable energies, supported the sale of the project. The huge solar park in the southwest of the country will start operating in 2026. Expansion to include additional technologies is possible.

CCE Holding finalized a EUR 24 million project financing with Commerzbank AG. The loan amount will be used for the construction of a 42.08 MW photovoltaic plant in the municipality of Montalto di Castro in the Italian region of Lazio near Rome.

In order to attract more private capital for renewable energies, the European Union has introduced new regulations into the European Long-Term Investment Fund (ELTIF). Sign up for the newsletter to receive the latest B2B information on your desk.

Econergy Renewable Energy won the recent Romanian Contract for Difference (CfD) auction with the Parau 2 solar project. Additionally a second project financing agreement was signed with Raiffeisen Bank International (RBI).

International renewable energy development platform ib vogt has entered into an agreement to sell their Greek project portfolio to Faria Renewables, a leading Greek renewables IPP. The portfolio is comprised of around 780 MW of solar PV and BESS assets in various stages of development.

Econergy UK, has signed a financing agreement for €28 million in project funding for the Iancu Jianu solar photovoltaic (PV) project in Romania. The project, which has an installed capacity of approximately 58 MW, is currently under construction and expected to be connected during 2025.

Supported by the EBRD, Romania has this week launched a Contract for Difference (CfD) mechanism for the construction of renewable energy installations and opened the first auction for 1.5 GW of renewable energy generation capacities – 500 MW of solar PV and 1 GW of onshore wind.

Axpo’s solar and wind divisions Urbasolar and Volkswind have successfully secured a combined capacity of 163 megawatts (MW) in two recent public tenders – also including Agri PV and floating PV.

Swiss based energy company BKW concludes a long-term power purchase agreement (PPA) with the German-Austrian solar developer CCE Holding for a 42-Megawatt solar plant in Lazio/Italy.

Solar developer software, Glint Solar announced an $8 million Series A funding round led by Smedvig Ventures with participation from Momentum, Futurum Ventures and Antler’s Nordic fund. The investment follows a period of growth for the Norwegian startup which has tripled its customer base over last 12 months.