Solar45

A Smarter Slice
of Solar.

Solar45 acquires and de-risks early-stage solar investments in Portugal, exiting at Ready-to-Build to deliver structured returns.

Solar45 early stage solar investment Portugal

Two Ventures: One Vision
for Scalable Energy Growth

Solar Energy
Investment

Early-stage photovoltaic projects in high-irradiance regions of Portugal, advanced through permitting, grid connection, and key milestones toward Ready-to-Build status and institutional exit.

Early stage solar project Portugal Ready-to-Build

Battery Storage
Investment

Co-located BESS assets developed alongside solar projects to capture Iberian price volatility, support grid stability, and enhance project-level returns at exit.

Battery storage investment Portugal BESS solar

The Solar45
Bond

A 3-year structured bond providing defined exposure to asset progression and exit at RTB stage. Fixed return of 45% aligned to the development lifecycle.

% fixed
return
0

Structured Solar Investing in Portugal

Solar45 bridges the funding gap between land acquisition and Ready-to-Build (RTB) status.

Portugal’s Acordo Scheme, combined with accelerating grid investment and over 3,000 hours of annual sunshine, has created one of Europe’s most defined development pipelines. Solar45 enters assets at the earliest viable stage, manages development risk through experienced origination, and exits at RTB — the point where value creation is greatest and buyer demand is highest.

Asset-Backed
Security

Direct exposure to early-stage solar and storage assets in Portugal, structured as limited-recourse investments secured against project value and exit proceeds.structured as limited-recourse investments secured against project value creation and exit proceeds.

Defined 3-Year
Timeline

A clear pathway from acquisition to Ready-to-Build exit, aligned with permitting milestones, grid connection cycles, and institutional sale timelines.

Fixed Return
Structure

A 45% fixed return over 3 years, linked to disciplined project development and exit at RTB stage. Predictable uplift with controlled capital deployment.

ESG-Aligned
Investment

Supporting renewable energy expansion and grid resilience in Portugal, aligned with EU decarbonisation targets and long-term energy transition objectives.

Understanding Solar45

01

How do I invest with Solar45?

Solar45 offers three routes: Limited Partnership, Secured Loan Note, or Investment Bond. Each provides exposure to the same project pipeline and 45% return target, with structures suited to different investor profiles and risk appetites.

You may also want to explore Santa Marta, the underlying land asset, or Baloiço, a related energy infrastructure strategy.

02

Portugal combines over 3,000 hours of annual sunshine with fast-track permitting through the Acordo Scheme and strong government support for renewable energy. Grid infrastructure investment is accelerating following the April 2025 Iberian blackout, making development timelines more predictable and institutional demand stronger.

Our Santa Marta asset sits adjacent to the Tavira 400kV transmission node — one of the strongest grid connection points in the Algarve.

03

Solar45 targets a 45% total return over 3 years. Returns are generated through early-stage project development — permitting, grid milestones, and asset progression — with value realised at institutional exit at Ready-to-Build stage.

The SantaMarta60 bond completed this same cycle in full, delivering 60% over 3 years and paid in December 2025.

04

Yes. Co-located battery storage is a core part of the Solar45 strategy, developed alongside solar projects to capture Iberian price volatility and enhance project-level returns. New Portuguese grid regulations have created a strong commercial case for integrated storage assets.

See Baloiço for a strategy focused specifically on integrated energy infrastructure.

Insights from Solar45

Analysis and updates on solar investment, Portugal’s energy market, and the Solar45 development pipeline.

What the Hormuz Closure Reveals About Energy Infrastructure

The Strait of Hormuz closed and within days the assumption that imported energy is a frictionless input was retired. Here is what that means for long-dated capital allocation.

The Evolution of Energy Infrastructure Investment at Scale

Solar and wind proved renewable energy works. The next phase is about optimisation — hybrid systems, battery storage, and infrastructure built for how modern grids actually operate.

Register Your Interest

Related Projects

Selected projects aligned with Solar45’s development strategy and value creation model.