From first land surveys to Development Services Agreements with an IBEX-35 green-energy utility — how Nenuphar built one of Portugal’s largest independent greenfield portfolios.
This is the mandate that defines our model: originate early, qualify rigorously, and bring bankable capacity to the partners who build it.
The result, in numbers
875 MVA — DSAs Closed
Development Services Agreements signed with an IBEX-35 green-energy IPP covering 875 MVA of our Portuguese portfolio — with asset co-ownership structures aligned to both parties.
300 MVA — Grid Permits
A single Wind+PV+BESS hybrid project of 300 MVA received grid-connection permits — evidence that hybrid design multiplies the value of scarce grid capacity.
3rd Largest — TSO REN
Our 1.175 MVA qualified portfolio makes the group the 3rd largest developer of direct agreements with the Portuguese TSO, REN.
How we did it
01
Originate Ahead of the Market
Strategic land selection and land-lease agreements signed where substations had headroom — before capacity became the market’s bottleneck.
02
Qualify with the TSO
Projects prepared to the standard REN’s direct-agreement regime demands: grid studies, deposits and disciplined milestones — turning applications into ranked positions.
03
Engineer for Bankability
Complete engineering, EIA management and feasibility built to lender standards — PVsyst and WindPRO yield models investors can diligence, not marketing numbers.
04
Structure the Exit
DSA negotiation and co-ownership with an IBEX-35 IPP — monetising development while keeping aligned interests through construction and operation.
Why it matters to you
Whether you are an IPP seeking permitted pipeline, a fund seeking exposure to Iberian renewables, or a landowner with the right hectares — this is the playbook we would run for you. The same model now extends to Spain (475 MVA early-stage) and, through Persimmon Investments, to Africa and the Gulf.
Have a similar mandate in mind?
Direct, confidential and grounded in 28 years of renewables experience.