SolarVenture Energy Closes €650M Green Bond to Finance 1.2GW of New Solar Capacity
SolarVenture Energy has closed a €650 million green bond to fund the construction of 1.2 gigawatts of utility-scale solar capacity across Spain, Italy, and Greece over the next 36 months.
SolarVenture Energy, a pan-European renewable energy developer, today announced the successful close of a €650 million green bond — one of the largest single issuances by an independent solar developer in European history.
The bond, rated BBB+ by Fitch Ratings, was 5.1 times oversubscribed with demand from 87 institutional investors across 19 countries. Proceeds will fund the construction of 1.2 gigawatts of utility-scale solar capacity across 14 projects in Spain, Italy, and Greece over the next 36 months.
The pipeline includes three projects already in construction, four with full grid connection agreements, and seven in advanced permitting. All 14 projects have secured 10- to 15-year Power Purchase Agreements (PPAs) with investment-grade offtakers.
“The market’s appetite for credible renewable energy projects has never been stronger,” said SolarVenture CFO Karin Andersen. “This financing gives us the certainty to execute our entire 2026–2028 development pipeline.”
At full operation, the portfolio will generate approximately 1.9 TWh of clean electricity annually — enough to power 620,000 European homes.
About SolarVenture Energy SolarVenture Energy is a renewable energy developer headquartered in Copenhagen, with operational assets in seven European countries totalling 3.4GW.
Media Contact SolarVenture Communications | [email protected] | +45 33 555 0400
Written by
SolarVenture Communications
Communications Lead, SolarVenture Energy
Press contact for SolarVenture Energy, a renewable energy developer active in solar and wind across EMEA.