Nadara, the NextGen Independent Power Producer, has successfully closed an approximately USD 1.36 billion equivalent pan-European platform refinancing, consolidating a portfolio of operating renewable energy assets and establishing what the company describes as a scalable financing platform to underpin its continued expansion across Europe.

Scope and Structure of the Transaction

The financing covers 47 wind and solar photovoltaic plants with a combined installed capacity of 1.5 gigawatts, spread across seven European markets: Italy, the United Kingdom, France, Spain, Sweden, Norway and Finland.

The portfolio consists of 34 onshore wind farms and 13 solar PV plants, which the company says benefit from significant geographic and technological diversification, contracted revenues and Nadara's integrated energy management and operational capabilities.

The transaction was provided by a syndicate of prominent commercial lenders, which Nadara described as a signal of strong market confidence in the company's platform, asset quality and long-term growth strategy.

By consolidating this large and diversified operating portfolio under a single financing framework, the company said it has strengthened its capacity to integrate new assets, pursue repowering, hybridisation and battery storage opportunities, and support further organic and inorganic growth across its core markets.

A Defining Moment Post-Merger

Nadara characterised the refinancing as one of its most significant transactions to date and a defining milestone coming approximately two years after its merger.

The deal is intended to consolidate the company's position as a leading European NextGen IPP and marks the beginning of what the company is calling its next phase of growth.

The company said the transaction optimises its financial structure, drives enhanced flexibility of portfolio strategy, accelerates the deployment of new renewable capacity and secures long-term asset growth.

It also represents a shift in how Nadara intends to fund future development, by unlocking capital from established, mature renewable assets and reinvesting it into the next generation of renewable energy projects.

Capital Recycling at the Core of the Strategy

Paolo Rundeddu, Chief Financial Officer at Nadara, said the refinancing transforms mature renewable projects into a source of funding for future ones. "Through our platform refinancing, we are transforming mature renewable projects into a source of funding for future projects," he said.

"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."

Rundeddu added that the transaction creates a structure that enhances financial flexibility and accelerates the deployment of new renewable capacity. He described it as reflecting a disciplined approach to capital allocation and the company's commitment to building long-term growth through an integrated asset investment strategy.

Simone Volpi, Head of Corporate Finance and Treasury at Nadara, framed the transaction in similar terms, describing it as the creation of a virtuous cycle that accelerates the energy transition while generating long-term value for stakeholders.

"By unlocking capital from established assets and reinvesting it into the next generation of clean energy projects, we are creating a virtuous cycle that accelerates the energy transition while generating long-term value for our stakeholders," he said.

Energy Security and European Resilience

Volpi also placed the transaction within the broader context of European energy security, noting that the deal supports the deployment of new renewable capacity and a more diversified, flexible energy supply. He pointed to energy security as a fundamental and continuing priority for Europe and said the transaction strengthens the continent's energy resilience.

He said the refinancing also sends a clear signal to customers and partners about the company's long-term commitment to delivering financially robust and operationally excellent assets, tailored to evolving energy needs.

Platform Built for Further Growth

The refinancing's design as a platform transaction, rather than a project-by-project financing, is central to Nadara's stated rationale for the deal. By bringing together 47 assets spanning multiple technologies and seven countries under one financing structure, the company said it has created the conditions to move more quickly when integrating new assets or pursuing opportunities such as repowering existing sites, adding hybrid generation capabilities or co-locating battery storage.

The transaction was announced on 28 July 2026. Nadara describes itself as a NextGen Independent Power Producer with a multi-technology portfolio managed through integrated energy management and operational capabilities across its European markets.

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