Solar45

Portuguese Renewable Energy & Battery Storage Platform

Building a >1GWh grid-scale energy storage portfolio combining solar generation, stand-alone BESS and hybrid assets.

Solar panels and battery storage at a renewable energy site in Portugal
Grid scale battery storage units in Portugal
Utility scale solar farm in southern Portugal

Solar 45 is developing one of Portugal’s emerging independent renewable energy platforms, combining utility-scale solar generation with grid-scale battery storage assets. The company’s strategy is focused on acquiring, developing and optimising strategically located assets where battery storage can unlock significant additional value from Portugal’s accelerating energy transition.

The platform combines the flagship Santa Marta 200MW solar project, with potential integration of approximately 600MWh of battery storage, alongside a diversified BESS development pipeline exceeding 550MWh across stand-alone, co-located and hybridisation opportunities.

Our Portfolio

Each asset is selected for its scale, grid connection and storage potential.

Solar panels and battery storage at a renewable energy site in Portugal

Santa Marta

200MW solar + 150MW / 600MWh
BESS potential

Grid scale battery storage units in Portugal

Project Baloiço

30MW / 120MWh
4-hour battery storage asset

Battery storage system supporting a solar installation

Wider BESS Pipeline

Stand-alone, co-located and hybridisation opportunities

Structured Solar Investing

Solar45 takes solar and battery storage projects from early stage through planning and grid connection to Ready to Build.

Two Ventures

One Vision for Scalable Energy Growth

Solar Energy Investment

1

Solar panels under clear skies in a high irradiance region

Utility scale solar is the foundation of the platform. Solar45 acquires early stage projects in high irradiance regions of Portugal and progresses them through planning and grid connection, with the aim of an institutional exit at Ready to Build.

Energy Storage Investment

2

Tap into the next wave of energy growth. Solar45 is expanding into battery storage projects that solve grid volatility and unlock premium pricing. Backed by new regulations and growing demand, these assets offer both strategic value and return potential within a fast-evolving energy landscape.

3-year term Solar45 Bond

3

Defined three year term.

Capital at risk.*

15

Invest in Solar45

With a strong pipeline, regulatory certainty, and experienced
leadership, Solar45 presents a clear route to participate in
Europe’s renewable energy transition.

Portugal is
Europe’s next
energy storage
hotspot

Strong government
support for renewables
and storage through
the Acordo Scheme

Vast underutilised
arid land

Over 3,000
hours of annual
sunshine

Streamlined permitting
for renewable projects

Rising energy
demand from
industry and
electrification

Energy Storage:
Powering the Next Phase

As solar scales up, battery storage becomes essential.
Solar45 is developing stand alone, co located and hybrid storage projects that help balance the grid and capture value from price volatility.

Battery energy storage system in Portugal for solar energy

Solar output peaks at midday, when prices are low, and fades as evening demand rises. Batteries shift that energy to when it is needed most, giving each asset several potential revenue streams.

With new regulations and streamlined permitting, Portugal is just beginning its storage journey. Solar45 offers a first-mover advantage in this fast-growing market.

3 years.
Defined term.
Structured exit.

Proven
Leadership

Together, they bring deep expertise across renewable energy and financial governance. Solar45 is built on decades of experience in renewable energy development and financial governance.

Noel Shannon

Over 20 years of experience delivering solar projects in South Africa, Hungary, the UK, and Ireland. Now leading development of the Solar45 portfolio in Portugal.

Adam Duthie

25+ years advising on private equity, M&A, fund structuring, and compliance. A trusted advisor to investment funds and infrastructure platforms.

Invest in Solar45

With a strong pipeline, regulatory certainty, and experienced leadership, Solar45 presents a clear route to participate in Europe’s renewable energy transition.

Asset-backed
security

Defined
timelines

Structured
returns

ESG-aligned
outcomes

Investment
Routes

We offer three distinct
ways to participate:

Each structure feeds into Solar45 LDA Limited, the entity responsible for acquiring and developing solar and battery storage projects. This flexible model allows investors to align their risk profile with the same project performance.

Understanding Solar45

Your Questions, Answered

01

How do I invest with Solar45?

We offer three routes to participate: Limited Partnership, Secured Loan Note, or Investment Bond. Each is connected to the same project pipeline and return profile, allowing you to choose the structure that suits your risk appetite and investment goals.

02

What makes Portugal attractive for solar investment?

Portugal offers over 3,000 hours of sunshine annually, fast-track permitting, and strong government support through the Acordo Scheme. These factors make it one of the most promising markets in Europe for solar development.

03

How does the 3-year return work?

Our model targets a 45% total return over 3 years, with fixed income generated through early-stage project development and institutional exit at Ready-to-Build. Investors benefit from both yield and project uplift.

04

Is energy storage part of the strategy?

Yes. We are expanding into co-located battery storage projects that help manage grid volatility and unlock premium returns. Backed by new regulations, storage is a key part of our future-ready investment strategy.

Solar45 Journal

Portugal Windfall Tax: What the 33% Levy Means for Renewable Energy

Portugal has approved a temporary 33% levy on excess 2026 oil and refining profits, and renewables sit outside it. What the tax signals for solar,…

Santa Marta: What Patience Looks Like in a Solar Development Timeline

The most revealing number in a solar development is often the calendar. Santa Marta has been advancing since 2019, and its timeline shows how renewable…

Project Baloiço: Battery Storage Development as a Sequence, Not a Single Asset

Two storage sites with identical batteries can be worth very different amounts. The difference lies in grid position, timing and the order in which milestones…

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Experienced Investors

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  • Directed only at individuals or entities deemed capable of understanding and assessing these offerings;
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  • Provided under exemptions allowed by applicable financial promotion rules.
 
Important ConsiderationsInvestments described here are unregulated and thus carry the possibility of limited liquidity, reduced protections, and potential loss of capital. Our firm is not authorised by the Financial Conduct Authority (FCA), and no recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service is available. Any performance information or projections are for illustrative purposes only and do not guarantee future results. If you are uncertain about the suitability of these investment opportunities, you should consult an independent professional adviser.I acknowledge that I meet the criteria listed above and understand the information presented.
 

The information on this website is intended for investment professionals and institutional investors only.Investing involves risks, including potential loss of capital. This promotion is directed at eligible investors under the Financial Promotion Order — others should not rely on it. Past performance is not indicative of future results. This content is for informational purposes only and does not constitute investment, tax, or legal advice. Prospective investors should consult independent advisors. Solar 45 is not authorised by the FCA. Information is provided under exemptions for high-net-worth, sophisticated, and professional investors, as defined in the UK Financial Services and Markets Act (Financial Promotion) Order.

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