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Spanish ID Energy secures financing for solar PV and wind projects in Europe



Spanish company ID Energy Group has secured financing for its solar PV and onshore wind projects in Europe.

The company has secured a development debt facility which will support its pipeline of late-stage renewable projects. With this, ID Energy plans to make a lasting impact on Europe's energy landscape.

According to ID Energy, it's pipeline consists of 67 individual projects, targeted for ready-to-build status between Q1 2023 and Q2 2027. These projects have a capacity range from 1MW to 150MW.

Out of these projects in Europe, Spain has the maximum with 700MW, out of which 500MW consists of onshore wind projects.

Likewise, Poland has a solar PV capacity of 600MWp, while Hungary and Italy consist of 250MWp and 150MWp respectively, the company shared.

ID Energy Group co-founder and chief financial officer Julio Espadas was quoted in a statement, "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.”

To be noted, ID Energy has played a huge player in Spain's renewable energy market. The company has been helping the country in advancing clean energy across multiple markets.

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