Nadara secures ~€1.2bn pan-European refinancing for 1.5GW renewables portfolio

By: Shree Mishra | Power Technology

NextGen independent power producer Nadara has secured approximately €1.2 billion ($1.36 billion) in pan-European platform refinancing for its portfolio of renewable energy projects.

The financing covers 47 wind and solar photovoltaic (PV) plants with a combined installed capacity of 1.5 GW, located across Finland, France, Italy, Norway, Spain, Sweden, and the United Kingdom.

According to Nadara, the transaction consolidates and refinances its diverse portfolio of operating renewable assets, creating a scalable platform to support continued growth. The refinancing strengthens the company's financial flexibility and increases its capacity to expand its multi-technology portfolio.

Portfolio Details

• Total assets: 47 plants
• Composition: 34 onshore wind farms and 13 solar PV plants
• Geographic reach: Seven European countries
• Combined capacity: 1.5 GW

The portfolio benefits from geographic and technological diversity, contracted revenues, and the company's integrated energy management and operational expertise.

Executive Commentary

Paolo Rundeddu, CFO of Nadara, said:

"This refinancing is a landmark moment for Nadara as we move into our next phase of growth, two years post-merger. Through our platform refinancing, we are transforming mature renewable projects into a source of funding for future projects. By unlocking capital from established assets into the next generation of clean energy projects, Nadara is playing a leading role in accelerating Europe's drive toward net zero and a more electrified economy."

Simone Volpi, Head of Corporate Finance and Treasury at Nadara, added:

"Through this platform refinancing, we are transforming mature renewable projects into a catalyst for future growth. By unlocking capital from established assets and reinvesting it into the next generation of clean energy projects, we are creating a virtuous cycle that accelerates the energy transition while generating long-term value for our stakeholders."

Strategic Implications

Nadara stated that the new financing framework introduces a single structure to its large and varied portfolio, enhancing its ability to:

• Integrate additional assets
• Pursue opportunities such as repowering, hybridisation, and battery storage

The transaction aims to accelerate the deployment of new renewable capacity and secure long-term asset growth. A group of commercial lenders supplied the refinancing.

The company noted that the transaction represents a notable step in its development and further strengthens its role within the European independent power producer sector.

This article was originally created and published by Power Technology, a GlobalData owned brand.