Prosolia adds 229MW in Spain as InfraVia boosts renewables scales

Prosolia, the Independent Power Producer focused on industrial decarbonisation, has completed the purchase of an operational 229MW solar portfolio in Spain, expanding its footprint across two key regions and adding five live plants to its fleet.

The newly acquired assets sit in Andalucia and Castilla y León and are delivered with long-term corporate power purchase agreements (PPAs) with major industrial offtakers. The deal further cements Prosolia’s strategy of pairing operating renewable generation with contracted revenue streams to serve industrial energy demand.

Backed by private capital, InfraVia has been actively supporting Prosolia since the fund completed its acquisition of the IPP in October 2024. InfraVia’s involvement has helped accelerate roll-out plans that combine solar with storage and other renewables, reflecting a broader market push to integrate battery energy storage systems (BESS) into contracted portfolios for flexibility and merchant-value capture.

With this bolt-on purchase Prosolia says it expects to approach 1 GW of operational capacity by year-end. Hitting that milestone positions the group among mid-sized European IPPs targeting industrial decarbonisation, a segment that has seen rising appetite from corporate buyers for bespoke long-dated PPAs and behind-the-meter solutions.

Spain’s solar market has expanded rapidly in recent years as permitting reforms and favourable auction outcomes unlocked new capacity. Corporate PPAs have become a staple of the energy transition there, enabling industrial consumers to lock in price certainty while developers secure bankable cash flows. Adding operational, contracted plants is therefore an efficient route for an IPP like Prosolia to scale earnings visibility and to derisk new-build exposure.

Strategically, the transaction highlights two trends. First, private equity and infrastructure investors are financing consolidation among specialist IPPs that sell directly into industry rather than merchant markets. Second, the technical pairing of PV with BESS — referenced by Prosolia and InfraVia as a development focus — is increasingly required to make renewable power dispatchable for heavy industrial loads and to maximise PPA value.