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:

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 £*

then 199 £/year

*renews at 199£/year, cancel anytime before renewal.

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.

Solar panel imports into Africa reached 15,032 MW in one year, setting a record and marking an expansion beyond South Africa, according to the energy research organisation Ember.
Ferrovial will launch a 250 MW solar plant in Texas for $355mn, expanding its US energy portfolio and creating around 300 jobs during the construction phase.
The 4.99 MW floating solar power plant in Cebu supplies the Carmen Copper mining site, covering about 10% of its energy needs, with connection to the national grid now effective.
Four photovoltaic plants totaling 50 MW will be built in Benin by Axian Energy and Sika Capital to strengthen the share of renewables in the country’s energy mix.
Developer Qair secures a loan from the Facility for Energy Inclusion to build a 5.8 MWp floating photovoltaic solar plant in Providence Lagoon, the first utility-scale project of its kind in Seychelles.
Israeli group Shikun & Binui begins commercial operation of its first photovoltaic park in Romania, a 71 MW facility located in Satu Mare County.
Canadian Solar reported a gross margin of 29.8% in Q2 2025, exceeding expectations despite a net loss, amid delayed project sales and asset impairments.
Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.
According to the Energy Information Administration, solar will represent the leading source of new U.S. power capacity this year.
Two 13 MW solar facilities have been completed at the Fort Polk military site in Louisiana by Onyx Renewables and Corvias as part of a partnership to secure the site’s long-term energy supply.
Photon Energy Group reports quarterly revenue growth driven by solar technology trading, while profitability falls due to a weaker capacity market.
Two photovoltaic projects led by RWE were selected in a federal tender, with commissioning scheduled by the end of 2026, subject to permits.
The public utility Eskom launches a tender to sell long-term solar electricity via PPAs, directly targeting industrial players amid continued pressure on national energy security.
The Norwegian group Scatec strengthens its position in emerging markets with a marked increase in revenue and its portfolio of projects under construction.
The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
The European Bank for Reconstruction and Development is financing the modernization of Enerjisa Enerji’s electricity distribution network in the Toroslar region, affected by the 2023 earthquakes.
Vikram Solar will supply 250 MW of high-efficiency solar modules to the Bondada Group for a project in Maharashtra, with deployment scheduled to begin in fiscal year 2025–2026.
Meta secures its energy supply in South Carolina with a 100-megawatt solar project led by Silicon Ranch and Central Electric Power Cooperative. The site will support the group's future data center in Graniteville.
SolAmerica Energy secures a $100 million revolving credit facility with Deutsche Bank to support its distributed solar assets in the United States.
Diamond Infrastructure Solutions grants Third Pillar Solar exclusive access to its Texas reservoirs to evaluate the potential for 500 MW of floating solar as part of a $700 million investment.

Log in to read this article

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

or

Go unlimited with our annual offer: £99 for the 1styear year, then £ 199/year.