Nadara, an independent power producer, has closed a pan-European refinancing valued at approximately €1.2 billion (~$1.4 billion) for a 1.5 GW portfolio of operating wind and solar assets.

The transaction covers 47 renewable energy projects in Italy, the U.K., France, Spain, Sweden, Norway, and Finland. The portfolio comprises 34 onshore wind farms and 13 solar photovoltaic projects. A syndicate of commercial lenders provided the financing.

“At a time when energy security continues to emerge as a fundamental priority for Europe, this transaction supports the deployment of new renewable capacity and a more diversified, flexible energy supply, strengthening the continent’s energy resilience,” said Simone Volpi, Head of Corporate Finance and Treasury at Nadara.

Nadara said the refinancing will increase its financial flexibility and provide a scalable platform to support the continued optimization of its pan-European renewable energy business. The funding will also help the company further organic and inorganic growth across its core markets.

“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 funding source 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, said.

According to Mercom’s Q1 2026 Solar Funding and M&A report, approximately 18.4 GW of solar projects were acquired in the first quarter of 2026, compared to 13.6 GW in Q1 2025.

In June, Qualitas Energy, an investment firm specializing in renewable energy, energy transition, and sustainable infrastructure, secured approximately €53 million (~$61 million) to finance the construction of a 117 MW solar portfolio in Poland.