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Solar and Nrdeal: EPC-led execution certainty in European solar M&A

December 10, 2025

How EPC capability, construction risk management and delivery track record influence valuation, timelines and closing certainty in European solar transactions.

 Solar and Nrdeal: EPC-led execution certainty in European solar M&A

🤝 Partner Spotlight — HEC SOLAR

We’re proud to feature HEC SOLAR as a trusted partner of Nrdeal, supporting our mission to make renewable energy transactions smarter, faster, and more transparent.

With expertise in technical due diligence, project development, and EPC, HEC SOLAR brings key insights into the fast-evolving hybrid project landscape across Europe—where the combination of solar, wind, and storage is redefining the region’s energy mix.

Velizar Cholakov, Business Developer of HEC SOLAR, shares some market insights regarding the hottest European markets:

🇵🇱 Poland:
One of Europe’s most dynamic renewable markets, adding 637 MW of new solar PV in Q1 2025.
Grid congestion and curtailment—up 36 % in H1 2025—are driving the move toward solar + storage hybrids to stabilize revenues.
The government’s €1 billion storage scheme targets 5 GWh of new capacity by 2028.

However, rapid storage growth has exposed structural gaps: some projects obtained Grid Connection Conditions without solid CAPEX or grid analysis, creating speculative developments. A market correction is now favoring experienced developers with realistic, technically sound business models.

🇷🇴 Romania:
Entering a strong growth phase with 900 MW of new solar in H1 2025 and more than 580 MWh of storage announced or under construction. Supported by EU funding and a favourable policy shift, Romania is fast becoming a hub for hybrid wind-solar-storage projects in Central and Eastern Europe.

Still, permitting bottlenecks and unclear long-term storage revenues continue to challenge project execution and bankability.

🇮🇹 Italy:
The first MACSE storage auction awarded 10 GWh of capacity at record-low prices (~€12,959/MWh-year), improving revenue visibility for battery assets. Yet EPC cost volatility and a shortage of skilled contractors continue to reshape project budgets and delivery timelines.

🚧 Key challenges:

EPC pricing fluctuations and competition for skilled contractors continue to impact project margins and delivery schedules.

Storage projects face uncertainty in revenue stabilization — with limited proven schemes beyond capacity markets and ancillary services, making bankability more complex for investors.

By combining HEC SOLAR’s regional expertise with Nrdeal’s digital dealflow, vetted advisor network, and market insights, we help investors and developers identify, structure, and execute next-generation hybrid and storage projects efficiently.

🔗 Unlock live renewable opportunities across solar and storage today: nrdeal.com