Svea Solar Utility, an independent renewable power producer, has secured a holding company (HoldCo) financing facility of up to €185 million (~$216 million) from Eiffel Investment Group and Arkéa Asset Management to expand its solar and energy storage portfolio in Sweden.

The HoldCo facility will provide flexible capital to fund the platform’s investment requirements across the project lifecycle. The company said the funding will support the development, construction, and operation of utility-scale solar photovoltaic and energy storage assets.

Pieter Godderis, Managing Director at Svea Solar Utility, said, “Securing Eiffel and Arkéa as financiers alongside the continued backing of AB Carval and Altor is a powerful endorsement of the attractiveness of the Swedish solar PV and BESS market, as well as Svea Solar Utility’s leadership and growth. In today’s market environment, institutional capital concentrates behind platforms with proven execution and scale. This financing is a critical building block to grow our operational portfolio past 2 GW over the next five years, while reinforcing our financial strength and long-term reliability, as our PPA partners expect.”

Svea Solar Utility currently has 220 MW of solar capacity in operation and under construction. This includes a 120 MW solar project, which the company identified as Sweden’s largest and expects to be completed by the end of 2026.

The transaction supports Svea Solar Utility’s expansion as an independent power producer focused on Sweden. The company manages projects from origination through to long-term ownership and operates as an integrated independent power producer.

Akereos Capital served as the exclusive debt advisor, while DLA Piper and Ashurst acted as legal advisors to the borrower and lenders, respectively. PwC, Ramboll, and Mannheimer Swartling conducted financial, technical, and legal due diligence on the transaction.

In 2022, the company secured a €100 million (~$106.8 million) investment from CarVal Investors to expand its utility-scale solar projects in Sweden.

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.