Located in the heart of the Midwest, Alantra Solar is shaking things up in the renewable energy space. Altogether, they’ve built up an astounding 597 megawatts peak (MWp). Through its subsidiaries, the company is building five solar plants in Italy that will produce more than 275 MWp combined. These projects are intentionally located in prime areas across Lazio, Puglia, and Sicily. Among them are locations in Ischia di Castro, Lecce, Minervino Murge, Catania I and Catania II. The expected commercial operations dates for these plants are by the end of 2027.
In January of last year, Alantra Solar closed its initial fundraise of €213 million. They plan to develop this financing of theirs in 7 plants that are part of an initial batch of 306 MWp distributed in Spain and Italy. The new financing agreement will accelerate the development and construction of five currently planned Italian solar plants. These increasingly complicated projects are indispensable steppingstones for Alantra’s expanding portfolio in the region.
Comprehensive Financing Package
Alantra Solar provides for the financing of its five solar plants through financial instruments. These are long-term loan facilities, a VAT facility, a debt service reserve line, and guarantees for power purchase agreements and decommissioning. This package will be the key to making sure that these projects get built quickly and in a smart way.
Bankinter recent creation investment & corporative banking teams will help Alantra Solar to take care and develop its own assets among Italy. Through this collaboration, both parties seek to improve the operational capacity and long-term fiscal viability of the projects.
Strategic Partnerships for Growth
Alantra Solar teams up with Solarig to build a pioneering European solar energy platform worth €1 billion. Collectively, they are leading one of the most ambitious efforts ever seen in the industry. We believe this strategic alliance will enhance the company’s growth. Beyond that, it will have a far-reaching positive effect on the renewable energy industry throughout the entire continent.
Javier Mellado, managing partner of Alantra Solar stated, “This partnership is a key component for our long-term success.” He stated,
“This financing highlights the strength of the partnership between Alantra and Solarig in advancing one of the most ambitious solar energy platforms in Europe.”
This partnership reflects the deep commitment of both companies. Collectively, they are committed to building climate-resilient, large-scale renewable energy projects that deliver the greatest long-term value.
Commitment to Renewable Energy
Alantra Solar initially conceived of these solar plants as a portfolio optimization strategy. Like us, their aim is to develop renewable energy resources that deliver extraordinary returns on investment – for investors and constituents alike. Among the other company’s employees’ comments, Javier Mellado made this observation about the company’s commitment,
“We remain dedicated to developing renewable projects that combine scale, sustainability, and long-term value creation for our investors and the communities in which we operate.”
Alantra Solar continues to grow its national solar portfolio. It is on track to be an important driver stop for speeding up renewable energy projects in the rest of Europe.