Independent power producer ILOS Projects raises €500 million for European solar, storage pipeline

By Will Norman
LinkedIn
Twitter
Reddit
Facebook
Email

German independent power producer (IPP) ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG, intended to fund ILOS’s plans for over 2GW of solar and battery storage capacity by 2026.

The facility consists of an initial €250 million (US$266 million) loan and contains an accordion allowing for a further tranche of €250 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

ILOS Projects is sponsored by global infrastructure financier Omnes Capital. Michael Pollan, partner at Omnes, said: “ILOS has seen tremendous growth over the last two years. We are proud to continue supporting the company as it works toward this ambitious IPP project.”

ILOS said that it plans to expand its scope to become a pan-European IPP, initially focusing on projects in Ireland, the UK, the Netherlands, Greece and Italy but with a view to expanding to other jurisdictions and into battery storage and hydrogen projects.

Loan proceeds in this agreement have been made available for construction equity and acquisition capital for ready-to-build assets.

Rob Johnson, managing director and global head of direct lending at EIG, said: “We’re thrilled to support ILOS in these exciting growth initiatives as they work to expand their footprint across Europe. This transaction is a testament to our confidence in the management team, their strategy and ILOS’s sponsors, and it underscores EIG’s commitment to investing in high-quality assets and energy infrastructure that support a low-carbon future.”

This story first appeared on PV Tech.

Energy-Storage.news’ publisher Solar Media will host the 8th annual Energy Storage Summit EU in London, 22-23 February 2023. This year it is moving to a larger venue, bringing together Europe’s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.

24 February 2026
InterContinental London - The O2, London, UK
This isn’t just another summit – it’s our biggest and most exhilarating Summit yet! Picture this: immersive workshop spaces where ideas come to life, dedicated industry working groups igniting innovation, live podcasts sparking lively discussions, hard-hitting keynotes that will leave you inspired, and an abundance of networking opportunities that will take your connections to new heights!

Read Next

July 10, 2025
Indonesia’s national Consumer Protection Agency (BKPN) will coordinate at least US$1 billion in investment for off-grid solar-plus-storage.
July 10, 2025
Australia’s DCCEEW has announced plans to streamline the Capacity Investment Scheme (CIS) by transitioning to a one-stage process.
Premium
July 9, 2025
Coval Infrastructure has become the latest developer to submit an application with the California Energy Commission (CEC), as part of the regulator’s opt-in certification scheme.
July 9, 2025
A subsidiary of Turkish conglomerate Güri̇ş Group has signed an EPC contract for a 98.6MW/196.4MWh project in Romania with local firm Simtel.
July 9, 2025
Australian renewables developer Edify Energy has submitted plans for a 2,400MWh solar-plus-storage project to Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.

Most Popular

Email Newsletter