RPower has raised an additional €25m in equity financing from the European Bank for Reconstruction and Development (EBRD) and the Three Seas Initiative Investment Fund (3SIIF), advised by Amber Infrastructure.
The funds were provided through the subscription of a single new share, leaving the company’s ownership structure unchanged.
R.Power said the capital increase marks another milestone under its existing investment agreement, bringing total equity injections to €225m to date. A further capital raise is expected in the coming months.
Przemek Pięta, chief executive of R.Power, said: “This new capital increase is a strong vote of confidence from our financial partners. It demonstrates that we are consistently delivering on our objectives and strengthening R.Power’s position in the European renewable energy market.
“The additional funds will allow us to further accelerate the development of our project portfolio, especially in energy storage and hybrid PV-wind solutions.”
R.Power operates across six European markets – Poland, Romania, Italy, Portugal, Spain and Germany – and is developing a portfolio of more than 30GW of renewable energy projects.
The company’s energy sales are supported by power purchase agreements and contracts for difference, while engineering, procurement, construction, and operations and maintenance services are delivered by its subsidiary Nomad Electric.
Through its subsidiary Quanta Energy, R.Power also provides integrated renewable energy solutions for industrial clients, businesses and institutions.