Power Capital raises 323M to accelerate Irelands renewable energy growth

Dublin-based solar Independent Power Producer (IPP), Power Capital, has secured a financing facility of up to €323 million, led byEiffel Investment Group. The funding will support the company’s growing pipeline of solar and battery energy storage projects across Ireland.
Justin Brown, CEO of Power Capital, stated, “We are proud to have Eiffel Investment Group lead on this transaction. Their deep expertise in infrastructure, and flexible approach to structuring has enabled us to secure capital aligned with our growth ambitions”
The financing supports Power Capital’s recent partnership with Infranity and Omnes to boost its growth soon.
The first tranche of €168 million will be used to refinance existing debt facilities from 2023 and 2024 and provide flexible capital for new development. The facility can scale up to €323 million and has been structured as a bond listed on the Vienna Stock Exchange.
Pierre-Antoine Machelon, Head of Infrastructure at Eiffel Investment Group, and Roman Londner, Investment Director at Eiffel Investment Group, stated, “We are delighted to support Power Capital’s strong management team and its shareholder Omnes Capital in their ambitious growth trajectory and help them accelerate the development and construction of renewable energy parks across Ireland. Eiffel’s capacity to structure flexible debt transactions of more than €150m fits with the plan of European IPPs, such as Power Capital, to accelerate their growth.”
Founded in 2011 by Peter Duff and Justin Brown and headquartered in Dublin, Power Capital Renewable Energy is Ireland’s leading independent power producer (IPP), specialising in utility-scale solar photovoltaic (PV) and battery energy storage system (BESS) projects.
The company operates across the full lifecycle of its assets from site selection and design to financing, construction, and long-term operation, ensuring high-performance, sustainable energy generation.
Power Capital currently has 230 MW of operational capacity, with another 330 MW under construction for completion in early 2026. The company also has a development pipeline of more than 5 GW in solar PV and battery storage systems.
The company has been successful in all RESS auctions and maintains long-term power purchase agreements with global technology leaders, including Microsoft and Google.