ID Energy secures funds to advance 1.7-GWp project pipeline
Source: EBRD (www.ebrd.com)
Spanish renewables firm ID Energy Group announced today that it has secured funds to advance its 1.7-GWp pipeline of late-stage solar and onshore wind projects across Europe.
The financing was arranged by German financial adviser Capcora in the form of a development debt facility that was fully subscribed by an unnamed newly-launched European debt fund. Further details were not provided.
“This innovative funding structure allows ID Energy to finance development milestones externally without diluting their shares in the pipeline,” ID Energy noted in the press release.
ID Energy’s current pipeline includes 67 individual projects, each ranging from 1 MW to 150 MW in size, with the least advanced expected to achieve ready-to-build status in the second quarter of 2027.
The company has the strongest presence at home where it has 700 MW, of which 500 MW comprises onshore wind projects. It is also active in Poland, where it has a solar PV capacity of 600 MWp, as well as in Hungary and Italy with 250 MWp and 150 MWp, respectively.