Nadara secures €1.2 billion refinancing for 1.5 GW European wind and solar portfolio
Type: Financing · Technology: Hybrid · Country: Italy · Capacity: 1.5 GW · Value: EUR 1.2B · Announced: 2026-07-28
Nadara has successfully closed an approximately €1.2 billion pan-European refinancing deal for a 1.5 GW portfolio of operational wind and solar PV assets. This financing encompasses 47 renewable energy projects, including 34 onshore wind farms and 13 solar PV plants, spread across Italy, the UK, France, Spain, Sweden, Norway, and Finland. The refinancing establishes a scalable funding platform designed to support Nadara's future expansion, including repowering, hybridisation, battery energy storage systems (BESS), and further acquisitions in its core European markets. This transaction transforms mature renewable projects into a source of capital for new clean energy initiatives, accelerating Europe's transition towards net-zero and a more electrified economy. A syndicate of 15 commercial lenders supported the refinancing, with Crédit Agricole CIB and Santander CIB acting as co-financial advisers to Nadara, and White & Case and Clifford Chance providing legal counsel.
Counterparties
- Allianz European Infrastructure Fund II (Lender)
- Crédit Agricole Corporate and Investment Bank (Lender)
- ING Bank Milan Branch (Lender)
- HSBC Continental Europe (Lender)
- Banco BPM (Lender)
- Santander CIB (Advisor Buy)
- Clifford Chance (Legal Sell)
- BPER Banca (Lender)
- Société Générale Milan Branch (Lender)
- Deutsche Bank Luxembourg (Lender)
- Crédit Agricole CIB (Advisor Buy)
- Bank of America Europe DAC (Lender)
- Bank of China Milan Branch (Lender)
- Banco Santander (Lender)
- White & Case (Legal Buy)
- Intesa Sanpaolo (Lender)
- Société Générale (Lender)
- Nadara (Borrower)
- Banca Monte dei Paschi di Siena (Lender)
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