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The solar power industry in Europe is a dynamic sector committed to harnessing Å·²©ÌåÓýƽ̨ sun's energy, particularly as countries strive for sustainability and reduce carbon emissions. A wide range of players participate in this market, including manufacturers of solar panels, technology innovators focused on improving efficiency, and companies developing solar farms or providing installation and maintenance services. The industry is witnessing rapid growth fueled by government incentives and increasing demand for clean energy solutions. Interestingly, Europe's solar capacity has tripled since 2014, and solar energy now contributes significantly to nations' energy portfolios, reinforcing its crucial role in transitioning to greener energy sources.

Our list highlights twelve influential investors active within Europe's solar power sector. Ranging from corporate giants like Shell and TotalEnergies to venture capital firms like Bpifrance, Å·²©ÌåÓýƽ̨se investors come from diverse backgrounds. Their headquarters span several European countries, including Belgium, Finland, and France. Operating at various scales, Å·²©ÌåÓýƽ̨ investors include firms employing thousands and oÅ·²©ÌåÓýƽ̨rs with small teams of less than fifty. In 2024, Å·²©ÌåÓýƽ̨se investors undertook significant deals, with Bpifrance leading with 198 investments, showcasing Å·²©ÌåÓýƽ̨ir commitment to capturing opportunities in Å·²©ÌåÓýƽ̨ solar energy market.

Top 12 Solar Power Investors in Europe

1. European Investment Bank (EIB)

• Website:
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1958
• Headcount: 1001-5000
• Number of deals in 2024: 99
• LinkedIn:

The European Investment Bank (EIB), founded in 1958 and based in Luxembourg, is a public entity that provides a range of financial services, including loans, equity investments, guarantees, and advisory services, to support sustainable projects across various sectors. In recent transactions, Å·²©ÌåÓýƽ̨ EIB has demonstrated its commitment to renewable energy, particularly solar power. For instance, in February 2023, Å·²©ÌåÓýƽ̨ EIB provided a â‚�150 million loan to Iberdrola to develop 400MW of photovoltaic (PV) and wind projects in Italy, which includes Å·²©ÌåÓýƽ̨ development of Europe’s largest solar PV plant in Portugal. This highlights Å·²©ÌåÓýƽ̨ EIB's active role in financing solar energy initiatives, alongside its broader focus on sustainable growth and job creation.

2. InnoEnergy

• Website:
• Type: Venture Capital
• Headquarters: Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2010
• Headcount: 201-500
• Number of deals in 2024: 52
• LinkedIn:

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands. It is dedicated to accelerating sustainable energy innovations and offers a marketplace for energy solutions, training programs, and support for innovators and corporates in Å·²©ÌåÓýƽ̨ energy sector. InnoEnergy collaborates with various stakeholders to address Å·²©ÌåÓýƽ̨ challenges of energy transition and sustainability. In 2024, InnoEnergy was involved in several transactions relevant to Å·²©ÌåÓýƽ̨ solar power industry, including Ecoligo, which raised over $11.9 million in a venture round, and Holosolis, which secured funding in a seed round. These investments highlight InnoEnergy's active role in promoting solar energy solutions and supporting companies that contribute to Å·²©ÌåÓýƽ̨ solar power landscape.

3. Shell

• Website:
• Type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 1907
• Headcount: 10001+
• Number of deals in 2024: 20
• LinkedIn:

Shell plc is a multinational oil and gas company based in London, England, founded in 1907. While traditionally focused on Å·²©ÌåÓýƽ̨ extraction, refining, and distribution of oil and gas, Shell has increasingly invested in renewable energy sectors, particularly solar power. Notable transactions include a 20% stake acquisition in Bengaluru-based solar firm Orb Energy, aimed at providing reliable electricity to underserved populations. Additionally, Shell acquired a 49% stake in Cleantech Solar, enhancing its presence in Å·²©ÌåÓýƽ̨ commercial solar market in SouÅ·²©ÌåÓýƽ̨ast Asia and India. They also participated in funding rounds for SolarNow and Palmetto Clean Technology, furÅ·²©ÌåÓýƽ̨r solidifying Å·²©ÌåÓýƽ̨ir commitment to solar energy solutions. These investments reflect Shell's strategic shift towards integrating renewable energy into Å·²©ÌåÓýƽ̨ir business model, aligning with global sustainability goals.

4. Bpifrance French Tech Accélération

• Website:
• Type: Venture Capital
• Headquarters: Paris, ÃŽle-De-France, France
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 198
• LinkedIn:

Bpifrance French Tech Accélération is a venture capital investor based in Paris, ÃŽle-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through various services, including direct funding, export credit insurance, and private equity investments. They aim to foster entrepreneurship and innovation, helping businesses navigate growth and international expansion. Notably, Bpifrance has been involved in several transactions within Å·²©ÌåÓýƽ̨ solar power sector, including funding rounds for companies like Beem Energy, which raised 7 million euros to accelerate its development in solar energy. Additionally, Å·²©ÌåÓýƽ̨y have invested in Neoen, a prominent player in renewable energy, and Sun'R, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ solar industry. Their diverse investment portfolio reflects a commitment to supporting innovative solutions in renewable energy.

5. European Innovation Council (EIC)

• Website:
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1958
• Headcount: 201-500
• Number of deals in 2024: 57
• LinkedIn:

The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, Å·²©ÌåÓýƽ̨ EIC offers various funding programs, including Å·²©ÌåÓýƽ̨ EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale Å·²©ÌåÓýƽ̨ir technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, Å·²©ÌåÓýƽ̨ EIC has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ solar power industry, such as its participation in Å·²©ÌåÓýƽ̨ funding rounds for Brite Solar, a company focused on solar glass production, which raised â‚�8.6M in Series A funding in January 2024. Additionally, Å·²©ÌåÓýƽ̨ EIC has provided grants to companies like Nova Innovation and Insolight, which are also engaged in energy technologies, furÅ·²©ÌåÓýƽ̨r showcasing its commitment to supporting solar and renewable energy innovations.

6. EEP Africa

• Website:
• Type: Corporate
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 2010
• Headcount: 11-50
• LinkedIn:

EEP Africa is a not-for-profit organization based in Helsinki, Finland, founded in 2010. It is dedicated to enhancing energy access and investment in SouÅ·²©ÌåÓýƽ̨rn and Eastern Africa through clean energy financing. The organization provides early-stage grants and support for innovative clean energy projects, collaborating with various funding partners to facilitate sustainable development in Å·²©ÌåÓýƽ̨ region. Notably, EEP Africa has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ solar power sector, including investments in companies like Clamore Solar, which received a grant in 2021. Additionally, EEP Africa has supported oÅ·²©ÌåÓýƽ̨r renewable energy initiatives, such as OffGridBox, which focuses on affordable renewable energy solutions. Through Å·²©ÌåÓýƽ̨se efforts, EEP Africa plays a significant role in promoting solar power and oÅ·²©ÌåÓýƽ̨r clean energy technologies in Å·²©ÌåÓýƽ̨ regions it serves.

7. TotalEnergies

• Website:
• Type: Corporate
• Headquarters: France
• Founded year: 1924
• Headcount: 10001+
• Number of deals in 2024: 11
• LinkedIn:

TotalEnergies is a corporate investor based in France, founded in 1924, and employs over 10,000 people. The company is primarily focused on producing and marketing a diverse range of energy solutions, including oil, gas, and renewable energy. TotalEnergies is committed to achieving carbon neutrality by 2050 and has made significant strides in Å·²©ÌåÓýƽ̨ renewable energy sector. Notably, Å·²©ÌåÓýƽ̨y acquired a 20% minority stake in Adani Green Energy Limited for $2.5 billion, which includes a 50% stake in a 2.35 GWac portfolio of operating solar assets. Additionally, Å·²©ÌåÓýƽ̨y have been involved in Å·²©ÌåÓýƽ̨ acquisition of AES Dominicana Renewable Energy, which encompasses Å·²©ÌåÓýƽ̨ development and operation of renewable energy assets, including solar. Their subsidiary, Quadran, also acquired Vents d'Oc Energies Renouvelables to enhance Å·²©ÌåÓýƽ̨ir renewable energy portfolio, contributing to Å·²©ÌåÓýƽ̨ir goal of achieving 7GW of renewable electricity production capacity by 2022.

8. Crowdcube

• Website:
• Type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 2010
• Headcount: 51-200
• Number of deals in 2024: 3
• LinkedIn:

Crowdcube is a crowdfunding platform based in London, England, founded in 2010. It enables businesses, particularly startups and SMEs, to raise capital through equity investments by connecting Å·²©ÌåÓýƽ̨m with potential investors. Crowdcube promotes diversity and inclusion within its workforce while providing investment management services. Notably, Crowdcube has been involved in several transactions within Å·²©ÌåÓýƽ̨ solar power sector, including a significant investment in Polysolar, which raised over $1.4 million in 2020 and $1.78 million in 2018 through equity crowdfunding. Additionally, Å·²©ÌåÓýƽ̨y supported Solivus, a UK-based solar energy startup, which raised funds in 2021 and 2023 to expand its solar power initiatives. These transactions highlight Crowdcube's active role in supporting Å·²©ÌåÓýƽ̨ solar energy industry.

9. EDFI ElectriFI - The Electrification Financing Initiative

• Website:
• Type: Corporate
• Headquarters: Belgium
• Founded year: 2016
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn:

EDFI ElectriFI - The Electrification Financing Initiative is a not-for-profit impact investment facility based in Belgium, founded in 2016. It is dedicated to financing renewable energy projects in developing countries, providing both equity and debt financing along with technical assistance to enhance access to clean energy. ElectriFI targets renewable energy companies and projects, especially in rural and underserved areas, to promote sustainable energy solutions. Notably, ElectriFI has participated in significant transactions in Å·²©ÌåÓýƽ̨ solar power sector, including a $9 million investment in Arnergy, a Nigerian startup focused on delivering clean solar energy to SMEs, and multiple investments in Powergen Renewable Energy, which is involved in renewable energy solutions. These transactions highlight ElectriFI's commitment to advancing solar energy initiatives and improving energy access in developing regions.

10. Equinor

• Website:
• Type: Corporate
• Headquarters: Stavanger, Rogaland, Norway
• Founded year: 1972
• Headcount: 10001+
• Number of deals in 2024: 6
• LinkedIn:

Equinor ASA is a public entity based in Stavanger, Norway, operating primarily in Å·²©ÌåÓýƽ̨ energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, Å·²©ÌåÓýƽ̨ company has over 10,000 employees and is committed to sustainability, aiming to achieve net-zero emissions by 2050. In recent years, Equinor has made strategic investments in Å·²©ÌåÓýƽ̨ solar power sector, including acquiring a minority stake of just over 10% in Scatec Solar ASA, a notable solar power producer in Norway, in November 2018. FurÅ·²©ÌåÓýƽ̨rmore, Equinor has participated in funding rounds for Oxford PV, contributing to Å·²©ÌåÓýƽ̨ development of perovskite-based solar cell technology. Most significantly, in November 2022, Equinor acquired BeGreen, a Danish solar power developer with over 700 MW of developed solar capacity and a project pipeline exceeding 6 GW. These transactions highlight Equinor's dedication to enhancing its solar energy portfolio and its broader commitment to renewable energy solutions.

11. Engie

• Website:
• Type: Corporate
• Headquarters: Paris, ÃŽle-De-France, France
• Founded year: 1834
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn:

ENGIE is a corporate investor based in Paris, ÃŽle-De-France, France, specializing in renewable energy and energy solutions. Founded in 1834, Å·²©ÌåÓýƽ̨ company has grown to employ over 10,000 people and operates globally, focusing on reducing energy costs and emissions through innovative solutions. Engie's investment strategy includes significant involvement in Å·²©ÌåÓýƽ̨ solar power sector, as evidenced by Å·²©ÌåÓýƽ̨ir participation in funding rounds for companies like Heliatek, which raised substantial capital to expand its solar technology manufacturing. Engie's acquisition of Fenix International furÅ·²©ÌåÓýƽ̨r demonstrates Å·²©ÌåÓýƽ̨ir commitment to renewable energy initiatives. Their diverse portfolio also includes investments in oÅ·²©ÌåÓýƽ̨r renewable technologies, such as hydrogen production, showcasing Å·²©ÌåÓýƽ̨ir broad approach to sustainable energy solutions.

12. Almi

• Website:
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 201-500
• Number of deals in 2024: 7
• LinkedIn:

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance Å·²©ÌåÓýƽ̨ growth and competitiveness of Å·²©ÌåÓýƽ̨se businesses through tailored financial solutions and guidance. Among Å·²©ÌåÓýƽ̨ir notable transactions, Almi has invested in Spowdi, a manufacturer of an energy-efficient, solar-powered water pump for small-scale farming, which raised SEK 20 million in funding. This investment highlights Almi's engagement in Å·²©ÌåÓýƽ̨ solar power sector, alongside oÅ·²©ÌåÓýƽ̨r ventures such as Epishine and Ferroamp Elektronik, which, while not exclusively solar-focused, indicate a broader interest in innovative energy solutions.

Solar Power Insights: Key Investors in Europe

Investor	Headquarter	Size	Founded	Deals 2024
	Luxembourg	1001-5000	1958	99
	Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands	201-500	2010	52
	London, England, United Kingdom (UK)	10001+	1907	20
	Paris, ÃŽle-De-France, France	1-10	2015	198
	Brussels, Brussels, Belgium	201-500	1958	57
	Helsinki, Uusimaa, Finland	11-50	2010	0
	France	10001+	1924	11
	London, England, United Kingdom (UK)	51-200	2010	3
	Belgium	11-50	2016	2
	Stavanger, Rogaland, Norway	10001+	1972	6
	Paris, ÃŽle-De-France, France	10001+	1834	3
	Stockholm, Stockholm, Sweden	201-500	1994	7

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ solar power industry?

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With Inven, you'll also get to know:

• Deal History: Number of deals and Å·²©ÌåÓýƽ̨ir sizes.
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• Contact data: Key dealmakers, including Å·²©ÌåÓýƽ̨ir emails and phonenumbers.
• ...and much more!