Renewable energy developer R.Power said it has completed a three-year, €250 million equity financing process, clearing the way for a major expansion of its multi-technology portfolio across Europe.
The company said the funding marks the completion of an investment agreement signed in 2023 with the European Bank for Reconstruction and Development (EBRD) and the Three Seas Initiative Investment Fund (3SIIF), advised by Amber Infrastructure. All equity committed under the agreement has now been deployed.
The investment was executed via 3S RA Holdings S.à r.l., which represents the joint equity participation of EBRD and 3SIIF in R.Power.
Chief executive and co-founder Przemek Pięta said the completed financing supports the company’s strategy to scale battery energy storage alongside solar generation.
“The culmination of this equity financing process has given us a springboard towards a core strategic objective; to develop a large-scale battery energy storage portfolio that will structurally balance our photovoltaic assets and enable the long-term scalability of our renewable platform,” Pięta said.
“BESS is a fundamental pillar of our growth model, allowing us to increase flexibility and optimize revenues,” he added.
R.Power said its pipeline of grid-secured, utility-scale battery storage and renewable projects now exceeds 10 gigawatts across six markets: Poland, Romania, Germany, Italy, Portugal and Spain.
