Nexwell Power secures €167 million multi-tranche project financing for 248 MWp Spanish solar portfolio

Nexwell Power has closed a €167 million multi-tranche project financing for a 248 MWp solar portfolio in Spain, with Mitsubishi UFJ Financial Group and Instituto de Crédito Oficial acting as senior lenders and Eiffel Investment Group providing a project holdco facility. This financing supports Nexwell Power's strategy of being a long-term owner and operator of flexible renewable infrastructure, with the projects expected to generate around 500 GWh of clean electricity annually. The deal reinforces the development of bankable renewable projects in Spain and contributes to the country's long-term decarbonization pathway.

Counterparts (9)

Lender

Instituto de Crédito Oficial

company

Madrid-based Instituto de Crédito Oficial (ICO) is a state-owned public financial institution established in 1971, providing financing to Spanish companies and projects, both domestically and internationally. With a loan portfolio of approximately €25.1 billion as of 2023, it supports key sectors including energy transition, digital transformation, transport, and social infrastructure.

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Mitsubishi UFJ Financial Group

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Eiffel Investment Group

company · 1 deals

Eiffel Investment Group is an investment firm specializing in infrastructure, energy transition, and other sectors. They provide financing solutions to companies and projects, focusing on sustainable investments and long-term value creation.

Sell-Side Legal

Watson Farley & Williams

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Watson Farley & Williams (WFW) is an international law firm specializing in the energy, infrastructure, and transport sectors. Founded in 1982, the firm provides comprehensive legal advice on complex, high-value transactions and disputes globally, leveraging its extensive sector expertise and international network of 19 offices.

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Ontier

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borrower

Nexwell Power

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Madrid-based renewable energy developer and independent power producer (IPP), founded in 2020, with over 2.5 GW of solar PV and battery storage projects in operation, construction, or advanced development across Spain, Italy, Portugal, and the US.

Buy-Side Legal

Uría Menéndez

company · 1 deals

Uría Menéndez is a leading Ibero-American law firm providing legal advice in various areas and sectors. They have a strong international strategy with offices in multiple countries and a focus on client service.

advisor

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Aurora Energy Research

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Kenta Capital

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