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

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

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

July 18, 2025
Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.
Premium
July 18, 2025
Inside the European Solar Academy's steps to equip Europe’s workforce with necessary skills as it approaches its first anniversary.
Premium
July 17, 2025
Implementing greater policy clarity pertaining to the EPBD will be essential if Europe is to realise its distributed rooftop solar targets.
July 17, 2025
Corporate funding in the solar sector fell by 39% in the first half of 2025 compared with the same period last year.
July 16, 2025
ABB has announced that its 2,000V OTDC is the first switch-disconnector of this size to receive certification from UL Solutions.
July 16, 2025
IPP Cero Generation and developer Enso Energy have reached financial close on a 360MW solar-plus-storage portfolio of projects in the UK.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK