About This Fund
Alantra Solar is a solar infrastructure investment platform managed by Alantra, a global alternative asset manager and investment bank headquartered in Madrid, Spain. Launched in January 2023 in partnership with Spanish solar developer Solarig, it operates through the investment vehicle N-Sun Energy S.L. The platform is focused on Southern Europe — primarily Italy (approximately two-thirds of assets) and Spain (approximately one-third) — targeting the 30 GW+ photovoltaic capacity markets in both countries. The fund is structured as a sustainable investment platform compliant with EU Taxonomy Regulation ESG criteria.
The fund's strategy involves acquiring, financing, constructing, and managing utility-scale photovoltaic plants developed by Solarig across Italy and Spain. The total platform is sized at EUR 1.7 billion (EUR 700 million equity, EUR 1 billion debt) targeting a portfolio of over 50 solar plants with an aggregate capacity of approximately 1.9 GW. Once fully operational, the portfolio is expected to generate nearly 2.7 GWh of renewable energy annually — equivalent to the consumption of over 800,000 households — and deliver more than EUR 180 million in annual revenues. The fund is led by three managing partners: Javier Mellado (strategy and investor relations), Carmelo Medrano (COO), and Peer Piske (CFO), who together have deployed over EUR 600 million and developed 3+ GW across Europe and the US.
As of late 2025, Alantra Solar had secured multiple rounds of project financing. Key milestones include: a January 2023 launch with co-investor commitments of up to EUR 265 million from Reichmuth Infrastructure (Switzerland) and Amundi Energy Transition (France); a February 2024 EUR 50 million equity commitment from Banca March; a December 2024 EUR 213 million debt financing from a syndicate led by Rabobank for seven plants totaling 306 MWp; a November 2025 EUR 355 million project financing from Intesa Sanpaolo for five Italian plants (~275 MW); and a EUR 228 million financing from Mitsubishi UFJ Financial Group for six plants in Spain and Italy. By end of 2024, the portfolio had grown to 23 solar assets with the first plant operational in Zafra (Badajoz, Spain).