Equitix, an investor, developer, and long-term fund manager of infrastructure assets, has secured €500 million (~$573 million) in project financing from UniCredit, an Italian multinational banking group headquartered in Milan.

The financing is expected to support the construction of a portfolio of onshore wind farms and co-located solar photovoltaic projects across Spain. The projects are being developed under a framework agreement with Capital Energy.

Achal Bhuwania, Chief Investment Officer at Equitix, said, “This financing represents an important milestone for our Spanish hybridization platform and a strong endorsement of both the quality of the assets and the long-term value of hybrid renewable infrastructure. Hybridization is central to unlocking the next phase of renewable deployment in Europe, enabling more efficient use of grid infrastructure, improved flexibility, and enhanced long-term resilience. This financing supports the efficient scaling of our platform in Spain and reflects Equitix’s continued commitment to growing its presence in integrated energy infrastructure across Europe.”

The hybridization platform currently has 200 MW of operational assets, 220 MW under construction, and a pipeline of approximately 1 GW.

As per the company, the platform integrates wind, solar, and battery storage to improve generation profiles, grid efficiency, and asset performance.

Earlier this year, the company increased its stake in its joint venture with ACEA to 90% and expanded the portfolio in Italy to 144 MWp through an additional acquisition. Under the partnership, ACEA will continue to manage operational aspects and retain control of a significant portion of offtake contracts through long-term power purchase agreements.

According to Mercom’s recently released Q1 2026 Solar Funding and M&A report, announced large-scale solar project funding increased by 61% in Q1 2026 compared with the same period in 2025.

In 2026, Svea Solar Utility, an independent renewable power producer, secured a holding company (HoldCo) financing facility of up to €185 million (~$216 million) from Eiffel Investment Group and Arkéa Asset Management to expand its solar and energy storage portfolio in Sweden.