Energy Solutions Group (ESG), a renewable energy independent power producer, secured €125 million (~$139 million) investment from Infranity, an infrastructure investment and asset management firm. The investment comprises a €75 million (~$83 million) investment through a capital increase and €50 million (~$55.5 million) through a secondary transaction.
This funding round follows a previous capital injection secured in December 2024 from the Alpha Renewable Energy Fund and SFPIM. Together, these investments significantly increase ESG’s position to scale its operations.
The new funding will enable ESG to accelerate the development of a diversified green energy portfolio comprising solar and wind power, energy storage solutions, and electric vehicle charging infrastructure.
With over 1 GW of contracted capacity in place, ESG anticipates that this investment will help drive its aim of reaching 1.6 GW in operational capacity by 2027.
“Current energy markets present numerous opportunities to scale up smart, integrated solutions, and this capital increase enables us to strengthen our leading role. We consider Infranity, a seasoned energy infrastructure investor with pan-European experience, to be the ideal partner to support us in this growth story,” said Diederik Baeté, co-CEO.
BNP Paribas acted as the sole M&A advisor to Energy Solutions Group and its shareholders. Société Générale acted as sole M&A advisor to Infranity. Infranity was advised on legal matters by Stibbe, on tax and financial issues by Deloitte, and commercial and technical due diligence by Afry.
According to Mercom’s Q1 2025 Solar Funding and M&A Report, global VC funding for the solar sector in Q1 2025 came to $1.4 billion in 14 deals, a 237% increase YoY compared to $406 million raised in 13 deals in Q1 2024. Funding increased 40% QoQ compared to the $1 billion raised in 21 deals in Q4 2024.
In April, Lodestone Energy, a solar project developer, raised an additional NZD50 million (~$30 million) in equity funding. The funding was primarily from existing shareholders, with some participation from new investors.
