RPower has completed a three-year €250 million equity financing process, the developer announced.
The financing will pave the way for a significant expansion of R.Power’s multi-technology renewable energy portfolio across Europe, the company said.
The announcement represents the culmination of an investment agreement signed in 2023 with the European Bank for Reconstruction and Development (EBRD) and the Three Seas Initiative Investment Fund (3SIIF), advised by Amber Infrastructure.
All of the equity committed under the agreement has now been deployed, R.Power said.
The investment was executed through 3S RA Holdings S.à r.l., which represents the combined equity participation of EBRD and the Three Seas Initiative Investment Fund in R.Power.
Przemek Pięta, CEO and Co-founder of R.Power, said: “The culmination of this equity financing process has given us a springboard towards a core strategic objective; to develop a large-scale battery energy storage portfolio that will structurally balance our photovoltaic assets and enable the long-term scalability of our renewable platform.
“BESS is a fundamental pillar of our growth model, allowing us to increase flexibility and optimize revenues.”
R.Power’s overall pipeline of grid-secured, utility-scale BESS and renewables projects exceeds 10GW, spanning six major markets: Poland, Romania, Germany, Italy, Portugal and Spain.