Nexwell Power secures over €245 million to accelerate flexible renewable energy growth strategy in Spain
Nexwell Power, a leading renewable energy platform in Spain, has secured over €245 million of equity and debt financing to advance its growth strategy. This capital will fund the continued development of Nexwell Power’s pipeline of renewable generation and battery energy storage system (BESS) projects, including a 248 MWp solar portfolio incorporating more than 870 MWh of BESS.
The financing was provided by existing Nexwell Power investors, including management, as well as institutional investors and global financial institutions. These closings bring Nexwell Power’s total fundraising to over €500 million of equity and debt financing.
The 248 MWp portfolio consists of seven utility‑scale solar photovoltaic plants with integrated BESS located across Andalucía and Aragón. The plants are mechanically complete or under construction and will begin supplying clean electricity in phases over the coming months.
Nexwell Power designed the project from inception for battery integration to provide flexible, responsive and on demand solutions for its clients and utility offtakers. The BESS facilities are currently in permitting, with approvals expected to be granted in waves starting as early as Q1 of this year. Once fully operational, the projects will produce around 500 GWh of clean electricity annually and will have the capacity to dispatch, on demand 24/7, 319 GWh of electricity per annum, while avoiding approximately 200,000 tons of CO₂ emissions per year. The project reflects Nexwell Power’s strategy of combining renewable generation with advanced flexibility solutions to enhance customer serviceability, competitiveness and reliability, and to reduce price volatility for its customers.
“This capital formation milestone is an integral part of our strategy to build a next generation IPP that delivers reliable, flexible, and clean energy solutions tailored to the evolving needs of our customers and the grid” said Jorge Lara, CEO of Nexwell Power.
“Nexwell Power’s newest portfolio will deliver approximately 4.8 TWh of renewable electricity and green certificates through 2040 to one of the world’s largest technology companies. This achievement demonstrates our commercial positioning, focused on offering large industrial customers long term price stability with cost competitive clean energy solutions, reducing their exposure to market volatility with low carbon energy solutions” said Miguel Muñoz, COO of Nexwell Power.
* This press release has been prepared for the purpose of announcing to the public certain activities of Nexwell Power and the Nexwell Group, and not for the purpose of soliciting any investment. This press release does not constitute any offer or solicitation to purchase or subscribe any security, including but not limited to notes referenced herein, in any jurisdiction.
Nexwell Power, an institutional-grade platform of Nexwell Group, is a next generation IPP focused on developing and operating flexible renewable infrastructure assets to address customer needs.
Nexwell is an investment platform committed to decarbonization. Founded in 2019 by industry veterans, Nexwell partners with and invests in high-potential companies to accelerate their growth and impact. With extensive operating experience and connections, Nexwell provides capital, strategic guidance, and access to a global network. For further information, please visit https://nexwell.com/
