SUBSCRIBE
PROFILE

Exus Renewables secures key financing for Cibele solar plant in Portugal

Exus Renewables has secured financing for its 130MW Cibele solar plant in Portugal, with MUFG EMEA acting as sole lead arranger and exclusive financial partner.

Share:

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.

START NOW — 4.90€/month

*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

SUBSCRIBE — 99€/year

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

Sign up for free to unlock this article

Exus Renewables has completed financing for the Cibele solar plant, located in the Alentejo region of Portugal, with Mitsubishi UFJ Financial Group Europe, Middle East and Africa (MUFG EMEA) acting as sole mandated lead arranger, hedge provider, facility agent and account bank. The facility will have a peak capacity of 130 megawatts (MW) and will cover approximately 300 hectares. Once operational, it is expected to supply electricity to around 69,000 Portuguese households annually.

A strategic financing for Exus
This project marks Exus Renewables’ first financing operation in Portugal, following similar initiatives in Spain and Poland. The company aims to strengthen its position in the Iberian market and expand its portfolio in Europe. João Pedro Summavielle, Chief Financial Officer at Exus Renewables, stated that this transaction represents “a key milestone” in the company’s growth strategy.

MUFG EMEA, a central role
MUFG EMEA structured a financing arrangement incorporating lending, hedging, facility management and account banking services. Genoveva Ramon-Borja, Managing Director and Head of Global Corporate and Investment Banking (GCIB) Coverage for the European Union, noted that this transaction reflects the group’s commitment to the energy sector in the Iberian Peninsula.

A project aligned with national energy targets
Portugal aims to reach 21 gigawatts (GW) of installed solar capacity by 2030, with the Cibele plant contributing to this goal. Its location in the Alentejo region, which benefits from high solar irradiation, optimises the expected yield of the site. Exus Renewables views this project as a key driver to increase its presence in Europe while reinforcing the financial viability of its platform.

  • Popular on energynews.pro
Hydrogen Valleys: the Clean Hydrogen Partnership selects 36 European applications
Iberdrola adds 708 MW of solar capacity to joint venture with Norges Bank
Dutch parliament approves RED III, reassuring biofuels market participants
TotalEnergies exits three mature fields in Norway’s Ekofisk area
EDF power solutions and El Paso Electric launch 150 MW solar facility in New Mexico
Red Rocket secures financing for 331 MWp solar park in South Africa
Producer Red Rocket has finalised financing for a 331 MWp solar park in Mpumalanga, backed by a 20-year power purchase agreement with Discovery Green.
SIG launches €1.6mn fundraising for 12 solar projects in Italy
Sun Investment Group has launched a crowdfunding campaign with Enerfip to raise up to €1.6mn ($1.7mn) to support the development of twelve photovoltaic plants in Italy totalling 113 MW.
GreenYellow to build 1.5 MWp solar power plant for Volailles et Traditions in Mauritius
GreenYellow will develop a 1.5 MWp photovoltaic plant in Mauritius for Volailles et Traditions, with an expected annual output of 2.45 GWh fed into the national power grid.
Thailand can save $1.8 billion by boosting solar and battery capacity
An alternative energy scenario proposes increasing solar and storage capacity by 2037 to reduce fossil fuel dependence and cut electricity generation costs in Thailand.
Osaka Gas and Daiwa acquire 25MW solar plant from Kyocera
Osaka Gas and Daiwa Energy & Infrastructure have formed a partnership to expand their renewable energy business with the acquisition of a 25MW solar power plant in Kyoto, formerly owned by Kyocera TCL Solar.
GSU met en service 50 MW solaires avec stockage à N’Djamena
Global South Utilities, filiale de Resources Investment LTD, inaugure à N’Djamena la centrale Noor Chad de 50 MW avec 5 MWh de stockage, dimensionnée pour alimenter des centaines de milliers de foyers et exploitée directement par l’entreprise.
European Union unlocks €545mn to modernise African power grids
Nine African countries will receive €545mn ($638mn) in European Union funding to support rural electrification and strengthen regional renewable energy infrastructure.
TotalEnergies sells 50% of North American solar assets for $950 million
TotalEnergies will transfer half of a 1.4 gigawatt solar portfolio to KKR, strengthening its position in the North American power market while securing $950 million through the sale and bank refinancing.
EDP inaugurates a 16MWc solar park on brownfield land in Menestreau
EDP, via EDP Renewables, inaugurates in Menestreau (Nièvre) a photovoltaic park of nearly 16MWc, comprising 29,630 panels and designed to produce about 19GWh per year, in co-activity with sheep farming.
SunPower finalises the acquisition of Sunder Energy and doubles its sales force
The transaction creates the fifth-largest US residential solar player by installed megawatts, doubles the sales force to 1,734 representatives and targets a record operating profit in the fourth quarter of 2025.
Founder Group launches $2.76bn solar and storage project in Sarawak
Founder Group invests MYR1.16bn ($2.76bn) in a 310 MWp solar project with storage in Malaysia to power a future 200 MW green data centre campus.
RES takes over operations of the UK’s largest solar farm
RES secures a three-year contract to operate the Cleve Hill site, marking a strategic asset transfer in the UK's large-scale solar market.
Kairouan solar plant reaches 82% completion in Tunisia
AMEA Power announces its 120 MWp photovoltaic plant in Kairouan is 82% complete, with commissioning expected before year-end.
Africa to increase installed solar capacity by 42% in 2025
Africa's photovoltaic market is expected to grow rapidly with 23 GW of new installations projected by 2028, according to Global Solar Council forecasts.
La Caisse invests CAD1bn in Edify to expand energy presence in Australia
Canadian pension fund La Caisse has acquired Edify for CAD1bn to support two hybrid solar projects in Australia including battery storage systems.
BayWa r.e. commissions 47 MWp solar park in France for Commerz Real
The Amance solar park, now owned by Commerz Real’s Klimavest fund, has entered production with a capacity of 47 MWp, confirming the investor’s strategy in the French market.
Boviet Solar increases its module production capacity to 3 GW in the United States
Boviet Solar expanded its Greenville plant with a third production line, raising its annual photovoltaic module capacity to 3 GW as part of an industrial investment exceeding $400mn.
Schneider Electric equips 24 industrial sites with solar energy through GreenYellow in France
Schneider Electric partners with GreenYellow to solarise 24 industrial sites in France, reaching an installed capacity of 16.9 MWp as part of a large-scale self-consumption energy programme.
France: Urbasolar commissions 10 MWc solar park on former military site
The new solar park in Amilly, Loiret, redevelops nine hectares of former military land and now generates electricity for over 5,500 people.
Vattenfall commissions 76 MWc agri-photovoltaic park in Germany
Swedish group Vattenfall has started operating the Tützpatz agri-photovoltaic park, Germany’s largest installation of this kind, with a ten-year power supply contract signed with Deutsche Telekom.