Exus Renewables has closed financing for the Cibele solar farm in Portugal, with MUFG EMEA acting as Sole Mandated Lead Arranger (MLA), Hedge Provider, Facility Agent, and Account Bank.
Located in the Alentejo region, the solar farm will have a peak capacity of 130 MW and span approximately 300 hectares. Once operational, it is expected to supply clean electricity to around 69,000 Portuguese households annually, making a direct contribution to national energy independence and the sustainability of Portugal’s electricity system.
The project supports Exus’ ongoing growth strategy in Iberia and its ambition to become a NextGen Energy Solutions provider across Europe. It also contributes to Portugal’s national renewable energy targets, with solar playing a central role in the country’s decarbonisation roadmap as it aims for 21GW of installed solar capacity by 2030.
Country updates
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June 06, 2025
Neoen Expands Renewable Portfolio with Launch of 272 MWp Solar Park in Portugal
Neoen has inaugurated the largest solar park in Portugal with a capacity of 272 MWp. The Portuguese park comprises two contiguous solar farms: Rio Maior Solar Farm (204 MWp) and Torre Bela S...
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August 07, 2024
Eco Wave Power Kicks Off First MW Scale Wave Energy Project in Portugal
Eco Wave Power Global has kicked off the company’s first megawatt-scale wave energy project, to be located in the city of Porto, Portugal. The project is built as part of a 20 MW concession agr...
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November 01, 2023
Mutares completed acquisition of Efacec from Portuguese State
Mutares has completed the acquisition of Efacec from the Portuguese State as part of the re-privatization process launched in late 2022. Efacec, as the third acquisition and second platform investmen...
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November 01, 2023
Mutares completed acquisition of Efacec from Portuguese State
Mutares has completed the acquisition of Efacec from the Portuguese State as part of the re-privatization process launched in late 2022. Efacec, as the third acquisition and second platform investmen...
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August 23, 2023
Greenvolt commissions 48 MW Portuguese solar PV project
Greenvolt - Energias Renovaveis SA has commissioned the 48 MW Tabua solar photovoltaic (PV) project in Portugal to the local grid. The PV farm, which is the first large-scale solar project in the coun...
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