European renewable energy integrator Sunotec has secured a significant structured equity investment from Blackstone Tactical Opportunities to accelerate its expansion across the continent. This strategic partnership aims to bolster Sunotec’s presence in its primary markets, including the United Kingdom, Germany, Scandinavia, and Southeast Europe, while facilitating a broader push into grid infrastructure and hybrid energy assets.
The company, which has delivered roughly 15 GW of solar capacity to date, has seen a rapid surge in activity recently, installing 5 GW of solar and 5 GWh of battery energy storage systems in just the last two years. While Blackstone’s capital will fuel the next phase of development, Sunotec’s original founders and leadership team will retain majority ownership and operational control.
Kaloyan Velichkov, Founder and CEO of Sunotec, emphasised the importance of the deal, “Blackstone’s investment marks an important milestone in Sunotec’s journey. Over the past 13 years, our team has built one of Europe’s leading large-scale solar and storage businesses through execution, speed and a relentless focus on delivery. With Blackstone as a partner, we will accelerate our expansion across Europe and enter selective new markets. At a time when the world’s energy transition needs faster deployment of renewable energy, battery storage and the grid infrastructure around it, this partnership gives us even greater capacity to deliver at scale.”
Amer Khatoun, Senior Managing Director at Blackstone Tactical Opportunities, expressed confidence in the company’s trajectory, “Sunotec has built a strong track record delivering and operating utility-scale solar and battery storage projects. We are delighted to partner with the company as it continues to scale its integrated platform, expand its operating asset base and deepen its grid infrastructure capabilities.”
The deal, which involves advisory support from J.P. Morgan and Nomura Greentech, remains subject to regulatory approval and is anticipated to conclude in the first half of 2026.
