Econergy receives US$259 million investment for European renewables pipeline

Facebook
Twitter
LinkedIn
Reddit
Email
An Econergy solar plant in Romania, image: Econergy

Renewables developer Econergy and French financier RGREEN INVEST have expanded their financial partnership with an additional €250 million (US$259 million) of project-specific investment.

RGREEN will provide €87.5 million (US$90 million) – at a pre-money valuation of €350 million (US$363 million) – to the British subsidiary of Econergy to strengthen the company’s pipeline of projects in the UK. Econergy will provide engineering, procurement and construction management, as well as asset management, services for its UK projects for a minimum of ten years.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

In addition, RGREEN INVEST will provide €163 million (US$169 million) to finance the construction of Econergy’s solar and wind projects across Europe. This includes the two companies’ previous financial collaboration on projects in Romania.

“This latest agreement highlights the growing confidence of investors in Econergy’s business model and growth plans, which in 2022 has seen us launch the construction of utility-scale solar and storage projects in four different markets,” said Econergy CEO Eyal Podhorzer.

“With a pipeline of 224 projects and development capabilities that are significant, while there is volatility in the market, we are ready to make the leap to reach this next milestone that will benefit all company stakeholders.”

Econergy has a significant foothold in the UK and Europe already. In January of this year, PV Tech sister site Current± reported that the company had acquired a 50MW/100MWh battery storage system to kickstart its 800MW UK project pipeline.

Last year, Econergy acquired a 155MW solar PV plant in Romania and in February it received a €200 million (US$207 million) investment to develop its pipeline in the Eastern European country.

This is the fifth partnership between Econergy and RGREEN INVEST, and sees Econergy raising over €500 million (US$518 million) in the last year.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 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.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

October 7, 2025
Econergy will acquire 100% stake in the 155MW Ratesti solar project in Romania, further expanding its European renewable energy portfolio.
October 7, 2025
Solar PV will account for almost 80% of the 4.6TW of new renewable power expected to be added by 2030, according to the International Energy Agency (IEA).
October 6, 2025
German solar inverter manufacturer SMA Solar will cut 350 jobs in 2026 as it adapts to the “weak” residential PV market.
October 6, 2025
An expert panel has identified a series of grid failures that led to April's unprecedented power outage in Spain and Portugal, ruling out renewables as the leading cause.
October 2, 2025
Spanish waste management company Trabede and energy firm Greening Group will build a solar module recycling plant in Granada, Andalusia, Spain.
October 2, 2025
The European solar sector will lose around 5% of its jobs in 2025, the first contraction in employment for the sector in nearly a decade.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK