Low Carbon, a renewable energy project developer, raised more than £500 million (~$684 million) across senior and Holdco financing in partnership with ten major international banks. The facility, structured as a platform financing, will allow the inclusion of new projects in the future as the company grows its renewables portfolio across Europe. This 10-year senior facility will refinance the construction line for the company’s 1 GW portfolio of solar and battery storage projects, either in operation or under construction.
Radial Power, an affiliate of energyRe, and Lotus Infrastructure Partners, a private equity firm focused on energy infrastructure investments, announced the closing of a $355 million tax equity and debt financing with Goldman Sachs. The financing will support the development, construction, and operation of approximately 214 MW of distributed solar capacity across 106 projects across the U.S. This funding utilizes Goldman’s “End-to-End Distributed Generation” financing structure to provide a single source of third-party funding for the portfolio.
Enery, an independent power producer in Central and Eastern Europe, secured more than €250 million (~$297 million) in long-term portfolio project financing, with Československá obchodní banka. The company is said to operate a diversified portfolio with 566 MW of installed capacity and 213 MW under construction, generating 766 GWh of clean energy. The financing will support the development and operation of a cross-border renewable energy portfolio in Czechia, Slovakia, Bulgaria, and Slovenia.
360 Energy, a renewable energy project developer, secured approximately €63 million (~$74 million) in project financing for its Verila Solar Park 2. Raiffeisen Bank International and UniCredit Bulbank provided the funding. The funding will support the development, construction, and operation of a new battery energy storage system in Bulgaria with a capacity of approximately 360 MWh. The project will be located near the city of Dupnitsa.
Alpiq, a Switzerland-based electricity producer and energy service provider, acquired the Cheviré operational battery energy storage project located at the port of Nantes Saint-Nazaire in western France from Harmony Energy, a European developer of battery energy storage systems. The project, with an output capacity of 100 MW/200 MWh, was commissioned in December 2025 and is currently the largest in the country.
PNE, a Germany-based renewable energy project developer, sold a 40 MW solar project located in Poland to ORLEN, a Polish multinational oil refiner, petrol retailer, and natural gas trader. The transaction was executed through PNE’s local subsidiary, PNE Polska. The deal involves the sale of 100% of the shares in the project company RES Project 5, which holds the rights to build and operate the project located in the vicinity of ORLEN’s production plant in Płock.
For reports and trackers on funding and M&A transactions in solar, energy storage, smart grid, and efficiency sectors, click here.
Read last week’s project finance brief.
