Everwood Capital sells DVP Solar to Glentra Capital for an undisclosed sum

Everwood Capital announces the sale of DVP Solar to Glentra Capital, marking the first disposal of its Fund V, and pursues its investment strategy.

Share:

Everwood Capital cède DVP Solar à Glentra Capital pour une somme non divulguée.

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Spain-based fund manager Everwood Capital has sold DVP Solar Worldwide to Glentra Capital, a Danish fund specializing in renewable energies. DVP Solar, acquired by Everwood in January 2022, is a company dedicated to the development of solar photovoltaic projects and energy storage systems (BESS). Since its acquisition, DVP Solar has established a diversified platform in Europe, with over 2 GW of projects, mainly in Italy, France, Germany, Spain and Latin America. This transaction marks the first disposal of Everwood’s Fund V portfolio, which closes in November 2022 with 500 million euros. Everwood has previously sold two photovoltaic projects via its Fund IV, achieving attractive returns. The Zaragoza and Cadiz projects were sold to Falck Renewables and Commerz Real respectively.

Continuous Development Strategy

Alfredo Fernández Agras, Everwood’s founding partner, commented that this sale confirms the company’s value creation strategy. Everwood continues to acquire projects at an advanced stage of development in Southern Europe. By 2024, the aim is to add 350 MW of projects to the Fund V portfolio. In addition, Everwood has launched the construction of solar projects totalling 124 MW in Alcalá de Guadaira and Mérida. Everwood currently manages around 1 GW of projects with Autorisation Administrative de Construction. The securing of EPC contracts and financing is progressing, with construction scheduled to start in 2024. José Antonio Urquizu, co-founder of Everwood, emphasized that the DVP exit demonstrates the company’s ability to create value in the renewable energy sector.

Financing Opportunities and Diversification

Everwood sees opportunities in debt. With Beka Credit, Everwood raises a new debt fund, the Alameda Energy Fund, to finance renewable projects in Spain. The fund is targeting 300 million euros, with over 270 million already committed by two institutional investors. In addition to renewable energies, Everwood has launched a fund in the transport and logistics sector, targeting 200 million euros. This fund has already acquired Partida Logistics and Transaez, in port logistics services and temperature-controlled transport. Everwood Capital, founded in 2015 and regulated by the CNMV, manages several investment vehicles with expertise in renewable energies and logistics. With around 900 million euros in assets under management, Everwood continues to demonstrate the success of its projects.

Independent power producer UNITe has been selected to develop two solar power plants on municipal land in Avèze and Malauzat, following a call for tenders by the French Energy Regulatory Commission.
Solar and storage accounted for 82% of new U.S. power capacity in early 2025, despite federal measures slowing their expansion.
Statkraft France won a 15.5 MWc solar project in Mourmelon-le-Grand during the latest national tender round, bringing its total awarded capacity to nearly 70 MWc in less than a year.
Solar growth in Central Europe has doubled that of the European Union since 2019, reshaping the energy mix and boosting battery manufacturing in the region.
Canadian energy producer Cordelio Power has completed commissioning of its Winfield solar project, a 150 MW facility backed by a 15-year contract with Microsoft and a $313mn structured financing deal.
Platform Anza surpassed its 2024 volume in just eight months, responding to developers’ urgency to secure projects ahead of regulatory and fiscal changes expected in 2026.
US-based AGCO has signed a ten-year virtual power purchase agreement with BRUC, covering a 100 MW solar project in Spain, to secure part of its European energy consumption.
Canadian developer Innergex has won all six projects of the Grenier des Essences portfolio for a total of 85 MW, strengthening its position in France’s ground-mounted solar sector.
Canadian Solar unveils its new low-carbon solar modules integrating heterojunction cells and thinner wafers, achieving up to 24.4% efficiency and a peak power output of 660 Wp.
Elmya Energy and Atlantica Sustainable Infrastructure have created a joint venture targeting 4 GW of renewable energy projects in the United States, focused on the ERCOT and WECC markets.
Louth Callan has completed the Mousam River solar project in Sanford, marking a key milestone in the deployment of utility-scale energy infrastructure across the United States.
The state regulator has approved five new solar power purchase agreements to support growing demand under the CARES programme, targeting industrial and commercial clients.
With the commissioning of the El Carrizo plant, Ecoener surpasses 500 MW in installed capacity and becomes the most active Spanish investor in Guatemala’s energy sector.
Aspen Power has finalised the acquisition of two community solar projects totalling over 1 MWdc in New Jersey, developed by Ecogy Energy, with construction expected to begin shortly.
French developer Tenergie has started work on a ground-mounted solar plant at a former quarry, with expected annual output of 7.6 GWh from 2026.
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.
VSB Italy has obtained authorisation to build a 6.2 MW agrivoltaic plant in Città della Pieve, combining solar power generation and agricultural cultivation on 10.6 hectares.
Ameren Missouri announces a 250 MW solar project to power 44,000 homes, reducing delays and costs through strategic development on company-owned land.
Verso Energy has inaugurated an experimental solar power plant in Outarville, testing the integration of photovoltaic panels across three hectares of large-scale crops with a 90% self-consumption rate.
Independent power producer R.Power is selling a 440MW ready-to-build photovoltaic portfolio in Poland, as political uncertainties drive a wave of divestments in the national renewable energy market.

Log in to read this article

You'll also have access to a selection of our best content.