49 MW self-consumption project: Portuguese utility EDP and Greenvolt will build a 49 MW solar PV project, calling it the largest self-consumption solar facility in Portugal. It will be located at one of Europe’s largest zinc mines at Herdade de Neves da Graça, in Castro Verde, on land owned by metals miner Boliden Somincor. To be installed on around 55 hectares, the project will produce close to 100 GWh of electricity annually when it is online in H2 2026. It will reduce Boliden’s dependence on the grid and increase the predictability of energy costs, the trio stated. It will also help Boliden reduce its carbon emissions by more than 41,000 tonnes per year. EDP will manage the power plant for 12 years post-commissioning.
€507 million for Sunprime: Israel-based Nofar Energy has signed a project financing agreement for €507 million for its Italian C&I platform Sunprime. This agreement with a consortium of international financial institutions will enable the development of an asset portfolio including close to 290 MW of solar and 350 MW of storage capacity. Nofar says with this agreement, its total Sunprime financing comes to approximately €861 million to support around 730 MW of solar and 1,400 MWh of storage.
Iberdrola out of onshore renewables in France: Iberdrola has exited the French onshore renewables space with the sale of its 757 MW portfolio to Technique Solaire. The assets comprise 118 MW of operational wind capacity and a 639 MW pipeline of onshore wind and solar PV projects. Iberdrola says this disinvestment is part of its strategy to focus its investments on core businesses of regulated networks or generation with long-term contracts, and its key markets of the US and UK. Earlier this year, it sold mini-hydro assets and slurry business in Spain, as well as its Hungarian operations. It also added 650 MW of solar power capacity to its Norges joint venture.
€245 million for Spanish portfolio: Nexwell Power, a Spanish renewable energy investor, has secured more than €245 million of equity and debt financing to fund its renewables portfolio. This will advance its 248 MW portfolio, featuring 7 utility-scale solar plants with integrated battery energy storage systems (BESS) totaling over 870 MWh of capacity. Once operational, this capacity will generate around 500 GWh of clean electricity annually, dispatching it on demand 24x7.
Debt financing for Polish projects: Poland’s R.Power Renewables has announced securing a debt financing of PLN 181 million for a portfolio of 9 solar PV projects in Poland. The 71 MW capacity comprises both operational and under-construction projects that will benefit from Bank Millennium financing. These projects are contracted under power purchase agreements (PPAs).
100% RE for Cordoba University: Iberdrola Espana will supply close to 33 GWh of renewable energy to the University of Cordoba in Spain, across 29 supply points including both high- and low-voltage connections. The university has signed a contract for the supply of 100% renewable electricity to all its campuses and facilities for an initial 2 years. It can be expanded to a maximum of 4 years.
