Bank loan for 55 MW in France: Q ENERGY France has raised a €109 million long-term bank loan to support the construction of 2 wind and 2 solar projects in the country. The transaction arranged by BPCE Energeco in December 2024 will enable the construction of 55 MW of new renewable energy generation facilities. With this, Q ENERGY FRANCE says it raised over €159 million in non-recourse project financing in 2024-2025, including €50 million for Europe’s ‘largest’ floating solar farm, Les Ilots Blandin in Perthes, Haute-Marne that was inaugurated in June 2025 (see Over €50 Million For Europe’s ‘Biggest’ Floating Solar Power Project).
Zelestra expands loan to €770 million: EQT-backed Spanish renewable energy company Zelestra has closed an increase of €235 million to its sustainability-linked loan. It now totals €770 million. It has been extended by an additional year and will run until 2029. It signed the facility originally in 2023 and increased it in 2024. Zelestra says the upsized facility is supported by 11 leading international banks – all its existing lenders. It will deploy the proceeds to build new wind, solar and battery storage capacity in 6 strategic markets of the US, Germany, Spain, Italy, Latin America and India. Zelestra targets 9 GW of contracted projects by 2026, up from 5.4 GW at present.
€350 million senior bonds for Opdenergy: Spanish independent power producer (IPP) Opdenergy has closed a corporate debt facility of €350 million senior bonds with a group of bondholders led by institutional investor EIG, and infrastructure investment specialist Infranity. The new debt facility refinances the €250 million Euro-denominated senior bonds granted by the 2 lenders in 2022 and upsizes it to €350 million. Antin Infrastructure Partners-backed Opdenergy says it has an option to increase this amount by an additional €150 million. It plans to deploy the proceeds to accelerate the execution of its business plan and grow as a consolidated large-scale IPP in Europe, the US and Latin America.
RWE’s German and UK projects: German energy giant RWE will build a 24.7 MW ground-mounted solar PV project in Lower Saxony, Germany, for KRONOS TITAN, a producer of titanium dioxide pigments (TiO2). RWE will build and operate the project at a KRONOS location in Nordenham on a 20-hectare site. KRONOS has leased the land to RWE for this project and will purchase green electricity generated under a long-term PPA. The project is scheduled to enter construction this summer and come online in spring 2026. Around 22,000 MWh, estimated to be produced by the farm, will cover a significant part of KRONOS’ electricity requirement on site.
Separately, RWE also announced the commissioning of its 1st solar project in the UK. The 35 MW AC Langford Solar Farm in Devon will generate around 49,500 MWh annually. It is accompanied by a co-located 35 MW AC battery energy storage system (BESS), which is currently under construction. The solar farm is estimated to remain operational for 40 years. Langford is one of 11 solar projects under construction by RWE in England, totaling nearly 530 MW (AC) alongside 105 MW (AC) of co-located battery storage, shared the company.
€110 million for 160 MW in Spain: NORD/LB has approved €110 million in financing for the construction of 3 solar PV projects of Capital Dynamics in Spain’s Aragon region. The 3 projects, with capacities of 54.89 MW, 54.78 MW and 50 MW, will together feature more than 250,000 ground-mounted solar panels. These can generate enough clean energy to support almost 30,000 households, it said.
TotalEnergies divests stake in Portuguese projects: France’s TotalEnergies has completed the sale of 50% of a 604 MW wind, solar and hydroelectric asset portfolio in Portugal. The deal with the consortium of MM Capital Partners 2 Co., Ltd., Daiwa Energy & Infrastructure Co. Ltd., and Mizuho Leasing Co., Ltd., was reached for €178.5 million. It is equivalent to an enterprise value of €550 million. TotalEnergies will retain a 50% stake in the portfolio as it will remain the operator of the assets. In addition, following the expiration of the regulated tariffs from which they benefit, the production of these assets, with an average age of 16 years, will be purchased by TotalEnergies, which will be responsible for marketing them, added the French energy group.
HELLENiQ makes major acquisition: German renewable energy company ABO Energy has sold off its Greek portfolio ABO Energy Hellas and 6 affiliated entities to HELLENiQ Energy of Greece. The latter has acquired the portfolio of 22 renewable energy projects under development with a total licensed capacity of 1.5 GW through its wholly-owned subsidiary HELLENiQ Renewables. The portfolio includes 340 MW of solar PV capacity and 550 MW of energy storage projects that are eligible for participation in the ongoing process of obtaining priority connection terms. This acquisition expands HELLENiQ Energy’s total renewable energy portfolio under development to more than 6 GW. The company targets to achieve at least 2 GW of installed capacity from renewable energy sources by 2030.