Eiffel Investment Group Leads €323 Million Financing Facility for Power Capital Renewable Energy
Dublin / Paris, 24 September 2025 – Power Capital Renewable Energy (“Power Capital”), Ireland’s leading solar Independent Power Producer (IPP) with a growing focus on battery energy storage systems (BESS), has successfully closed a landmark financing facility of up to €323 million, led by Eiffel Investment Group.
This holdco financing facility complements the recently announced strategic equity partnership with Infranity and Omnes, designed to accelerate Power Capital’s growth trajectory in the near term.
The initial tranche of €168 million will refinance existing debt facilities from 2023 and 2024, while also providing flexible capital to support the execution of Power Capital’s business plan. The facility, which may be upsized to €323 million, is being used to finish the development and build most of Power Capital’s assets. It has been structured as a bond listed on the Vienna Stock Exchange.
With 230 MW of operational capacity since 2024, 330 MW under construction for completion in early 2026, and a development pipeline exceeding 5 GW of solar PV and BESS assets, Power Capital stands as Ireland’s largest solar IPP. The company is vertically integrated across the full lifecycle of its assets—from development and construction to long-term operation—and has secured success in all RESS auctions to date. Power Capital also maintains active power purchase agreements with global technology leaders including Microsoft and Google.
This transaction aligns with Eiffel’s strategy of providing flexible debt capital to European IPPs to fund their construction and late development expenses. €2.2 billion have already been invested by Eiffel along this strategy.
Jean-Baptiste Delattre, Director at Omnes, stated: “Since our partnership with PCRE started in 2020, the company has steadily implemented its business plan, becoming Ireland’s leading IPP. This financing complements the recently announced investment from Infranity and we are very proud to have Eiffel Investment Group, an investor with shared values and strategy, as a continuing partner in PCRE”
Pierre-Antoine Machelon, Head of Infrastructure at Eiffel Investment Group, and Roman Londner, Investment Director at Eiffel Investment Group, stated: “We are delighted to support Power Capital’s strong management team and its shareholder Omnes Capital in their ambitious growth trajectory and help them accelerate the development and construction of renewable energy parks across Ireland. Eiffel’s capacity to structure flexible debt transactions of more than €150m fits with the plan of European IPPs, such as Power Capital, to accelerate their growth.”
Justin Brown, CEO of Power Capital, stated: “We are proud to have Eiffel Investment Group lead on this transaction. Their deep expertise in infrastructure, and flexible approach to structuring has enabled us to secure capital aligned with our growth ambitions”