Sebastian Montoya
Hello,
Welcome to this week’s Teaser Energy Europe, a concise, curated roundup of M&A, joint ventures, and strategic investments powering Europe’s energy transition.
This week, BESS momentum picked up in Spain and the UK, where Electric Land acquired a 120 MW/240 MWh project at Uskmouth. New partnerships and portfolio processes dotted the continent, reinforcing SolarPower Europe’s outlook that battery capacity in Europe could grow six-fold over the next five years, reaching ~400 GWh by 2029.
This edition also leans solar- and wind-heavy. Closed PV deals (3) led the week, highlighted by EDP (Italy), which agreed to sell a 207 MWac solar portfolio to Encavis for over EURm 250. Onshore wind features municipal ownership in North Rhine-Westphalia and portfolio trades across Spain and Greece; offshore wind pauses in Estonia amid CfD uncertainty.
Additionally, Energiekontor sold a 40 MW onshore project (Elsdorf) to the city of Elsdorf. In EVs, EDF is taking Pod Point private, and biomethane supply expands with ReFuels’ Dutch acquisition.
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Battery storage
- Germany | LION E-Mobility has partnered with Münchner Solarkraftwerke to develop over 40 solar and standalone battery storage projects, combining large-scale open-space PV systems with grid services potential.
- Spain | Our New Energy is seeking a partner for its 275 MW ‘Tchaikovsky’ battery storage portfolio, including a 147 MW project in Girona valued at €20 million, with all assets targeting RTB between 2026–2027.
- United Kingdom | Electric Land has acquired a 120 MW/240 MWh BESS project at Uskmouth from SAE, marking its second battery deal at the former coal site and lifting total connected capacity there to 350 MW with further expansion planned.
- United Kingdom | Harmony Energy plans to raise ~£300m to fund European expansion, targeting Germany, Italy, France, and Poland, with 2 GW of projects ready to start by year-end and a 14 GW pipeline in development.
Multiple
- Romania | ROCA Investments is acquiring a 20% stake in Adrem, aiming to accelerate the Romanian energy services firm’s growth in infrastructure modernization, renewable energy, and grid digitalisation, subject to regulatory approval.
- Spain | VINCI and ACS finalize €380m earn-out settlement from Cobra IS acquisition, terminate joint venture plans for renewable energy projects.
- Sweden | Clean energy-tech startup Aira has raised €150m from existing investors to accelerate European heat pump rollout, expanding production in Poland and operations in Germany, Italy, and the UK.
Solar
- Greece | Quest Energy has agreed to sell 36.7 MW of operating PV plants to an undisclosed international IPP for ~€36 million, aligning with its portfolio optimisation strategy and subject to regulatory approvals.
- Greece | SunMind, a VINCI Concessions subsidiary, has acquired a stake in New Good Energy S.A., operator of nine PV parks (9 MWp) in Attika and Fthiotida, securing long-term renewable power supply for the 230 km Aegean Motorway under a PPA.
- Italy | EDP Renováveis has agreed to sell a 207 MWac solar portfolio to Encavis for over €250m, comprising five farms with long-term PPAs and a 20-year CfD, with closing expected later in 2025.
- Italy | Receivers from Grant Thornton launch sale of WElink’s near-ready solar and battery storage portfolio after appointment by Kommunalkredit over founder’s holding company.
- Italy | Zenith Energy has acquired five development-stage agrivoltaic projects in Piedmont totaling 30 MWp for €3.1 million, targeting RTB status within 12–16 months and expanding its Italian solar portfolio.
- Poland | R.Power puts 440 MW hybrid solar-plus-storage portfolio up for sale, with projects in Lubuskie, Lower Silesia, and Greater Poland slated to start operations between 2027 and 2029.
- Scotland/Netherlands | Mocean Energy and SolarDuck have signed an MoU to jointly develop integrated offshore renewable power systems, combining wave and floating solar technologies to supply clean energy to remote offshore sites, with initial feasibility work focused on Asia Pacific.
- United Kingdom | Ireland’s Activ8 Energies has acquired Burnley-based Low Carbon Energy to accelerate UK expansion, targeting growth in commercial solar projects and aiming to double installed capacity in the coming years.
Wind
- Estonia | Enefit Green and Sumitomo Corporation have agreed to terminate their partnership in the 1 GW Liivi Bay offshore wind farm due to market uncertainty and lack of state-backed CfD support, with Enefit continuing early-stage permitting for future development.
- Germany | Energiekontor has sold the 40 MW Elsdorf-Frankeshoven and Elsdorf-Tollhausen wind parks to the city of Elsdorf, with both projects benefiting from February’s EEG tender and targeting operation in 2026.
