Helexia, a solar project developer and a subsidiary of Voltalia, raised a second incremental tranche of its financing program, amounting to €50 million (~$58 million), to support the development of its solar project portfolio across Europe.
The financing will strengthen Helexia’s resources to integrate 240 new rooftop and carport solar installations into operation across five European countries, including Belgium, France, Italy, Portugal, and Spain.
La Banque Postale and Bpifrance provided the financing to Helexia. Finergreen acted as the financial advisor, Linklaters as the legal advisor, and kiloWattsol served as the technical advisor to Helexia on the transaction. Ester Finance and Marsh supported the borrower as the interest rate and insurance advisor, respectively.
“This new funding marks a key milestone in our growth trajectory. It demonstrates the robustness of our model and the commitment of our partners alongside us to accelerate the energy transition in Europe,” Benjamin Simonis, CEO of Helexia Group.
In October 2024, the company a portfolio of agricultural rooftop solar projects, comprising 202 sites with a total capacity of 28 MW, located in France. The acquisition expanded Helexia’s total installed capacity in France to 170 MW.
In addition, the company secured €60 million (~$70 million) in financing in August last year to support a portfolio of operational solar rooftop and carport projects across six European countries. The funding received was to support 290 projects across France, Italy, Belgium, Portugal, Spain, and Hungary.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, large-scale project funding increased by 65% in the first half of 2025 compared to the same period in 2024.
In August, Qair, an independent renewable energy producer, secured $5.7 million senior debt financing from the Facility for Energy Inclusion, managed by Cygnum Capital, an investment bank and asset management firm. The project benefits from a 25-year power purchase agreement with the Public Utilities Corporation.
