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Solara4 solar farm, Portugal

Leading renewable energy consultancy and service provider, Natural Power, has acted as lender’s technical adviser
for the financing of the 220 MW Solara4 solar farm in Portugal. This is a landmark project in the European solar market and will be Europe’s largest unsubsidised solar project when completed in 2021.

The project is being developed by WElink and the lenders are Investec and Kommunalkredit.

Hannah Staab, Natural Power’s Head of Advisory – Europe, said: “We were delighted to support WElink, Investec and Kommunalkredit on this financing. Due to its size and complexity, the project is not without challenges and we were able to draw on the expertise of our global solar team to mitigate technical risks and work with our clients to resolve issues. We look forward to supporting the project until it reaches commercial operations in 2021.”

The due diligence and energy yield assessment were led by Natural Power’s UK team, with site inspections carried out by Natural Power’s French team. Natural Power continues to support the lenders by providing construction monitoring throughout the remainder of the construction phase.

Gregor Hogarth, Technical Manager – Investments and Transactions Europe at WELink Energy, said: “I was pleased with the speed, diligence and flexibility shown by Natural Power, which was coupled with excellent communication throughout. We hope to continue working with Natural Power on our strong pipeline of projects.”

Stefan Rattensperger, Power and Infrastructure Finance at Investec added: “The entire Natural Power team has been an absolute pleasure to work with – experienced, professional and truly impartial, with a commercial view on project risks and a systematic approach to resolving them. The team went out of its way in visiting site, during difficult times, and where necessary challenged the contractor. It would be a privilege to work with the team again on similar projects.”

Solara4 will be the largest unsubsidised plant in Europe and amongst the top 20 largest solar PV plants in the world. Covering a total area of 400 hectares and utilising 660,000 solar modules, Solara4 will generate enough electricity to power 200,000 homes. Construction of interconnection infrastructure started during 2018 and the PV site in January 2019. The plant will be operational in Q2 2021.

Natural Power’s global due diligence team provides services throughout all stages of the transaction cycle, from initial risk assessment and reporting in early transaction stages through to comprehensive reporting for credit-committee or data room presentation at final bid stage or financial close. Find out more here

About Natural Power

Natural Power is an independent consultancy and service provider that supports a global client base in the effective delivery of a wide range of renewable projects including onshore wind, solar, renewable heat, energy storage and offshore technologies. It has a global reach, employing more than 400 staff across 12 international offices. Its experience extends across all phases of the project lifecycle from initial feasibility, through construction to operations and throughout all stages of the transaction cycle.

About WElink

WElink Energy is a leading international developer of renewable energy and low-carbon projects. Founded in 2007, WElink's roots are in renewable energy with extensive experience of solar project development around the world with 1GW of PV projects delivered or under construction and 2GW of PV projects under development.

Contact details:

Jane Maher
PR and Media
Natural Power
T: 07887 995 589

This press release was distributed by ResponseSource Press Release Wire on behalf of Natural Power Consultants Limited in the following categories: Manufacturing, Engineering & Energy, for more information visit