Southern European Solar Investment Platform For 1.9 GW PV

Reichmuth & Amundi Energy Transition Pitch In €265 Million For New GW-Scale Solar Investment Platform Focused On Italy & Spain

Southern European Solar Investment Platform For 1.9 GW PV

Italy and Spain with their strong financing conditions, strong sector tailwinds and solar PV structures were selected by Alantra and Solarig for their new solar platform to focus on. (Illustrative Photo; Photo Credit: Wang An Qi/

  • Alantra and Solarig have launched Alantra Solar as their new solar investment platform with 1.9 GW target capacity
  • Backed by Reichmuth and Amundi Energy Transition, Alantra Solar will realize this capacity mainly in Italy and Spain
  • It will be supported by N-Sun Energy as the investment vehicle that will acquire projects when these reach RTB stage

Global alternative asset manager Alantra and Spanish solar PV company Solarig, backed by €265 million from Switzerland’s Reichmuth and France’s Amundi Energy Transition, have launched a new Southern European solar investment platform to realize a portfolio of 1.9 GW PV in Italy and Spain.

Both these countries have been zeroed in on for its strong sector tailwinds favorable financing conditions, along with ‘reputable’ solar PV structures.

Under plans unveiled, Alantra Solar will be supported by an investment vehicle called N-Sun Energy that will gradually acquire the portfolio’s plants for €1.7 billion, out of which €700 million will be equity and remaining €1.0 billion debt.

N-Sun Energy will gradually acquire the plants as these reach ready-to-build (RTB) stage post which these will take 18 months to come online, altogether by 2025-end. Of the targeted 1.9 GW, it has already acquired initial 8 plants with 330 MW capacity. Alantra Solar will also provide asset management services for N-Sun Energy.

Solarig will oversee development of different plants to start their commercial operations and also provide its O&M services.

“The launch of this investment vehicle offers a strong risk-return balance for investors aiming to deploy capital in the solar energy sector, driven by the track record of the partners, the visibility and protection of the portfolio, and the operational development of the plants,” said Javier Mellado, Managing Partner of Alantra Solar.

The 1.9 GW capacity when completely online, it will generate 2.7 GWh annually along with over €180 million in revenues.

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

Subscribe To Newsletter

Latest Videos