Nexwell Power Secures €167 Million for 248MW Spanish PV Portfolio
In a significant move for Spain’s renewable energy landscape, investment platform Nexwell Power has successfully closed a €167 million multi-tranche project financing deal. The funding is dedicated to a substantial 248MW solar photovoltaic (PV) portfolio, reinforcing the company’s strategic growth and the increasing investor confidence in the Spanish solar market.
A Milestone for Spanish PV Portfolio Infrastructure
The financing package supports a portfolio of seven solar plants spread across the regions of Andalusia and Aragon. These projects, which were acquired from Q Energy last year, are currently either mechanically complete or in the final stages of construction. This deal marks a critical milestone in Nexwell Power’s ambition to establish itself as a long-term owner and operator of flexible renewable infrastructure.
Jorge Lara, CEO of Nexwell Power, highlighted the importance of the agreement, describing it as a testament to the company’s platform maturity and its capability to execute large-scale, complex hybrid assets. The successful financing demonstrates a strong appetite from financial institutions for well-structured renewable energy projects in Spain, even amidst challenges like grid constraints.
Spanish PV Portfolio and Project Details
The 248MW portfolio is set to make a considerable contribution to Spain’s green energy capacity. Key projects expected to become operational in early 2026 include:
* The 72MW Andújar plants in Jaén
* The 26MW Silverio plant in Córdoba
* The 45MW Mudéjar project in Teruel
The capital injection will be used to advance grid works, procure essential equipment, and notably, develop storage-ready infrastructure. This forward-thinking approach is designed to mitigate the risks of price cannibalization—a phenomenon where high renewable energy output during peak sun hours can drive down electricity prices—by allowing for energy storage and dispatch during more profitable periods.
The Financial Backing for the Spanish PV Portfolio
The robust financing structure involves several prominent financial institutions. Mitsubishi UFJ Financial Group (MUFG) and Spain’s national promotional bank, Instituto de Crédito Oficial (ICO), are acting as senior lenders. Additionally, Eiffel Investment Group is providing a project holdco facility, completing the comprehensive financial backing for the portfolio.
The plants themselves are being developed with cutting-edge technology to maximize output and efficiency. This includes the use of high-efficiency bifacial modules, which capture sunlight from both sides, along with advanced trackers and reactive power controls to ensure grid stability and performance. This commitment to superior technology further solidifies the portfolio’s long-term viability and attractiveness to lenders.
This strategic financing not only propels Nexwell Power’s expansion but also sends a powerful signal about the enduring strength and potential of the European solar sector, particularly within Spain.
