Solaer Renewable Energies has reported it is in discussions to offload an additional 50 MW solar plant in Spain, adding to the previously confirmed sale of the Alizarsun and Calasparra schemes to InfraRed.

A binding purchase agreement for the third asset is expected to be concluded during Q1 2026 and will take the total consideration for the entire deal to EUR 100m.

Cash flow to the company from these transactions is forecast at approximately EUR 40m, with additional consideration contingent on increasing Alizarsun’s supply.

Elsewhere, Solaer has reported it is now in advanced negotiations for the acquisition of a portfolio of solar projects in Poland with a total capacity of 271 MW.

The group has now confirmed that the deal is expected to close in Q1 2026, building on the signing of a memorandum of understanding in Q3 2025, with the transaction valued at approximately EUR 180m and an estimated acquisition cost of EUR 60m.

About 75% of the energy output is hedged under 15-year contracts for difference, supporting long-term revenue stability.

Solaer is in discussions with asset management and operations companies for ongoing management of the assets.

The company is also examining the acquisition of additional projects in Poland, as well as assets in other countries, totalling 1.912 GW. The projected construction cost for these assets is ILS 4.98bn (EUR 1.34bn)

In Italy, the Gravina da Puglia project, with a capacity of 140 MW and 125 MWh of storage, won a competitive tender in the fourth quarter of 2025, securing a guaranteed tariff for 20 years. Construction is expected to begin in the second half of 2026 and the project is expected to generate approximately ILS 800m (216m) in revenue over the contract period. Approval was also recently received to add the storage systems, and the main equipment has been purchased.

Senior financing for projects in Spain and Poland is being arranged with fixed interest rates of approximately 4.5-4.7% for 16 to 18 years.

Financial closings are expected for several projects over the coming months, including Cacin, Fargue, Calasparra and Alizarsun, with Solaer forecasting the conclusion of six to eight such transactions in 2026.

The company also aims to accelerate growth through mergers and acquisitions, integrating storage into existing projects and new developments.

*This story was originally published exclusively for NPM Europe subscribers.