Blue Elephant Energy has secured €200 million in financing from Infranity. The funds will be used for the development and construction of 1 GW of renewable energy capacity across Europe. The €200 million financing has been provided in the form of a Holdco construction facility, with an option to increase it further by €200 million.
Infranity is acting as the sole lender and has directly structured the funding provided to Blue Elephant Energy. The funding will allow Blue Elephant Energy to accelerate its development plans in Europe. The company’s portfolio is primarily located in Western and Central Europe, and it currently has a total capacity of 1,730 MWp.
Earlier in February 2025, Blue Elephant Energy expanded its portfolio in the Netherlands. The company acquired a portfolio with a total capacity of approximately 88 MWp from TPSolar. The portfolio consists of three PV parks spread across the Netherlands, which are at different stages of development.