ID Energy Group (“ID Energy”), a vertically integrated Spanish renewable energy group, has successfully secured a development debt facility to support its pipeline of late-stage solar PV and onshore wind projects in Europe. The facility was entirely subscribed by a newly established European debt fund. Capcora, a Germany based financial advisor, played a crucial role in sourcing lenders and structuring the deal, further solidifying their position as a strategic partner of the group.
ID Energy’s pipeline consists of 67 individual projects, targeted for ready-to-build status between Q1 2023 and Q2 2027, with sizes ranging from 1 MW to 150 MW. Spain takes the lead with 700 MW, of which 500 MW comprises onshore wind projects. Poland closely follows with a solar PV capacity of 600 MWp, while Hungary and Italy trail with 250 MWp and 150 MWp respectively. This diverse portfolio underpins ID Energy’s position as a major player in Spain’s renewable energy landscape and demonstrates their dedication to advancing clean energy across multiple markets.
This innovative funding structure allows ID Energy to finance development milestones externally without diluting their shares in the pipeline. With the secured development debt facility and a strong foundation of diverse projects, ID Energy is poised to make a lasting impact on Europe’s energy landscape.
“We are thrilled to collaborate with partners who understand the significance of accelerating the transition to renewable energy in Europe. This financing facility will be a catalyst in our next growth phase, enabling us to significantly scale our pipeline,” says Julio Espadas, Cofounder, Shareholder and CFO, ID Energy Group.
“We are pleased to have sourced an alternative financing route for ID Energy and accomplished the closing of this complex transaction. The cross-border element and large project volume make this an exceptional achievement in the European market,” explains Alexander Enrique Kuhn, Managing Partner at Capcora.