Clean energy developer Solaria Energia announced that it has raised €300 million (USD$350 million) through an equity transaction representing 10% of its share capital, with the new capital aimed at expanding its renewable energy, storage, and data center infrastructure platform across Europe.
Founded in 2002, Spain-based Solaria has focused primarily on the development and generation of solar photovoltaic energy across southern Europe, with the aim of actively contributing to decarbonization and advancing a global energy model based on clean energy.
With the new funding, Solaria said that it will accelerate its multi-gigawatt growth pipeline across Europe, expanding its data center platform, and fast-tracking the deployment of battery storage to deliver flexible power, forming part of the transformation into a fully integrated infrastructure platform to focus on the intersection of energy and digital demand.
The company highlighted strong demand for the issuance, with the offering 6.7 times oversubscribed.
Solaria said:
“We are scaling one of Europe’s most compelling growth stories, combining energy, storage and digital infrastructure to meet the continent’s accelerating demand.”
