Renewables balance sheets are getting bigger — and so is what they can build.
From European refinancing platforms to Africa’s largest hybrid project, capital and delivery are moving together this week.
What we’re tracking today:
Nadara closed a €1.2 billion pan-European refinancing covering 47 wind and solar projects (1.5 GW) across seven markets, including Spain, to fund repowering, hybridisation and battery storage. A platform-level refinancing, not a one-off — proof that mature renewable portfolios are becoming their own funding engine.
AUDA-NEPAD launched the Africa Green Transition PPP Fund in Abidjan on 28 July, targeting €500 million in first-phase committed capital for renewable energy, transmission and industrial-decarbonisation projects continent-wide. This is the blended-finance layer that turns African pipeline into bankable SPVs.
TotalEnergies’ 216 MW solar-plus-500 MWh battery Hydra project went live in South Africa’s Northern Cape — Africa’s largest hybrid renewable asset, delivering 75 MW of dispatchable power under a 20-year PPA with Eskom. Firm renewable power, not just installed capacity, is now operating at scale on the continent.
At Persimmon Investments, that’s the map we invest against — refinanced European portfolios, African blended finance, and dispatchable projects already on the grid.