Bankinter Investment and Plenium Partners have secured €530 million (~$617 million) in financing for a 130 MW solar portfolio owned by Helia Renovables IV.

Helia Renovables IV was launched in 2020 by Bankinter Investment, an alternative investment arm of the Spanish financial group Bankinter, and Plenium Partners, an investment company focused on power and sustainable infrastructure in Europe, with €290 million (~$337.4 million) in committed capital from investors for renewable energy investments.

The portfolio consists of solar assets in mainland Spain, the Balearic Islands, and the Canary Islands. The assets operate under Spain’s long-term Specific Remuneration Scheme for Renewable Energies, Cogeneration, and Waste, known as RECORE, and have an operational history of more than 15 years.

CaixaBank acted as the main financing entity for the transaction. Abanca also participated with a significant stake through a senior debt structure. Cuatrecasas, Garrigues, and EY advised on the financing transaction.

The companies said the financing is intended to optimize the projects’ financial structure. They said it also reinforces Bankinter Investment’s and Plenium Partners’ position as renewable infrastructure managers and reflects financial institutions’ confidence in their ability to structure, manage, and optimize these assets.

Following the sale of its wind energy exposure to Galp in April of this year, Helia Renovables IV holds only solar assets in Spain and Italy.

According to Mercom’s recently released Q1 2026 Solar Funding and M&A report, announced large-scale solar project funding increased by 61% in Q1 2026 compared with the same period in 2025.

In April 2026, Matrix Renewables, a renewable energy developer and independent power producer focused on solar and battery energy storage systems, secured £245 million (~$332 million) in non-recourse financing. The funding package was structured as an underwritten project finance facility, provided by CIBC, MUFG Bank, and NatWest, with NatWest also acting as facility agent.