Global Infrastructure SherpaNexwell Power secures €167 million multi-tranche project financing for 248 MWp Spanish solar portfolio
USD167M
Deal Value
248 MW
Capacity
Nexwell Power secured €167 million in multi-tranche project financing for its 248 MWp solar photovoltaic (PV) portfolio across Spain. This funding, provided by a syndicate.
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Counterparts (9)
Lender
Instituto de Crédito Oficial
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.
Mitsubishi UFJ Financial Group
Eiffel Investment Group
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
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.
O
Ontier
Ontier is an international law firm with 19 offices across 14 countries, including Spain, the UK, and Latin America, providing legal advisory services across corporate, M&A, and project finance, with a growing focus on infrastructure and energy sectors.
advisor
Aurora Energy Research
Aurora Energy Research, founded 2013 and headquartered in Oxford, UK, is a leading global energy research and analytics firm serving over 600 clients across 25+ countries. The company provides market forecasts, data, and strategic consulting for power, gas, carbon, and hydrogen markets, supporting the energy transition.
Kenta Capital
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Nexwell Power, an IPP founded in 2020, secured €167 million in multi-tranche project financing for its 248 MWp Spanish solar portfolio, demonstrating rapid scaling for a relatively new market entrant. The financing structure includes senior debt from Mitsubishi UFJ Financial Group and state-owned Instituto de Crédito Oficial, alongside a project holdco facility provided by Eiffel Investment Group. This capital infusion supports Nexwell's strategy as a long-term owner and operator of flexible renewable infrastructure, with the portfolio projected to generate approximately 500 GWh of clean electricity annually. The deal, advised by Kenta Capital and Aurora Energy Research, further validates the bankability of large-scale solar projects in Spain, contributing to the nation's decarbonization goals.
- Nexwell Power, founded in 2020, secured €167 million for a 248 MWp solar portfolio.
- The financing includes a project holdco facility from Eiffel Investment Group, alongside senior lenders Mitsubishi UFJ Financial Group and state-owned Instituto de Crédito Oficial.
- The portfolio is expected to generate around 500 GWh of clean electricity annually.
- Legal advisors included Watson Farley & Williams and Ontier for the borrower, and Uría Menéndez for the lenders.
Source Intelligence
KEY DETAILS
multi-tranche project financing
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Deal Size
Nexwell Power has closed a €167 million multi-tranche project financing
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Capacity
for a 248 MWp solar portfolio in Spain.
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Location
in Spain.
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Financials
closed a €167 million multi-tranche project financing
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Announcement
12 March 2026
PARTIES MENTIONED IN SOURCE
N
Nexwell Power
borrower
"Nexwell Power has closed a €167 million multi-tranche project financing"
low quality
Enriched Mar 12, 2026
Timeline
Announced
Mar 12, 2026
Signed
Closed
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