Alantra Solar secures €50 million for 1.8GW solar portfolio

Alantra Solarig investment portfolio
The majority of the projects in Alantra Solar’s portfolio will be in Italy. Image: Alantra

Renewables asset manager Alantra Solar has secured €50 million (US$54.17 million) from Spanish financial group Banca March for a 1.8GW solar portfolio in Spain and Italy.

Alantra Solar said a “significant percentage” of 40 solar PV plants will feature battery energy storage systems (BESS). Solar developer Solarig is developing all the plants, with the last one expected to reach ready-to-build status before the end of 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Banca March and co-investor clients will participate in the portfolio through a European venture capital fund in the form of a public limited company. These companies will invest in the capital of N-Sun Energy, Alantra and Solarig’s joint solar investment vehicle, which will gradually acquire more than 40 solar PV plants, with about 70% of them located across Italy.

All investment platforms of the 40 solar PV plants will invest a total of €1.7 billion, of which €700 million will be equity and the remaining €1 billion debt.

Prior to this, Alantra and Solarig secured €213 million to support the construction of seven solar PV projects with a total 306MWp of generation capacity in Southern Europe. This €213 million financing came from Rabobank, acting as bookrunner and coordinator on behalf of a syndicate of banks comprising ABN AMRO, BNP Paribas, Commerzbank and Coöperatieve Rabobank.

PV Tech publisher Solar Media will be organising the 12th annual edition of Large Scale Solar Europe in Lisbon, Portugal, 26-27 March. The event will explore the solar manufacturing future in Europe, panel on several markets including Italy, Ireland and Czechia as well as permitting and planning bottlenecks among others. More information, including how to attend, can be read here.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Sydney, Australia