SDCL Snaps Up 68MW Iberian C&I Solar Portfolio

• SDCL snaps up 68‑MW Iberian behind‑the‑meter solar from Capwatt, boosting distributed generation and onsite clean power for corporate off‑takers across Portugal and Spain.

UK-based investor Sustainable Development Capital LLP (SDCL) has completed the acquisition of a 68‑MW commercial-and-industrial, behind‑the‑meter solar portfolio in the Iberian market. The assets, developed by Portugal‑based energy producer Capwatt, supply onsite clean electricity directly to corporate off-takers, enabling businesses to meet part of their power needs without relying on the public grid.

SDCL said the deal strengthens its position in distributed solar generation and energy‑efficiency solutions for the commercial sector, expanding its capabilities in delivering power at the point of use for business customers across the Iberian Peninsula.

How will SDCL integrate Capwatt’s 68‑MW Iberian C&I BTM solar portfolio post‑acquisition?

• Fold the 68‑MW assets into its distributed-energy platform, centralizing asset management, billing, and reporting across Spain and Portugal
  
• Migrate sites onto SDCL’s digital monitoring stack for real‑time performance analytics, predictive maintenance, and remote dispatch
• Harmonize O&M under standardized Iberia‑wide service contracts to drive cost savings and improve availability
  
• Review and optimize corporate PPAs and onsite supply agreements, aligning tenor, indexation, and pass‑throughs with client load profiles
  
• Introduce onsite storage where economics support it, enabling peak‑shaving, resilience, and greater solar self‑consumption
  
• Layer in energy‑efficiency and electrification measures for host customers to deepen savings and expand wallet share
  
• Aggregate the portfolio for procurement leverage on spares, inverters, and warranties, and to streamline insurance coverage
  
• Implement rigorous measurement and verification, with performance guarantees and transparent ESG reporting to investors and clients
  
• Align compliance with Spanish and Portuguese self‑consumption rules, permitting, metering, and guarantees‑of‑origin monetization
  
• Refinance at platform level to lower cost of capital, match financing to contracted cashflows, and hedge Iberian power‑price and FX exposures
• Standardize cybersecurity and data‑governance protocols across all sites and customer interfaces
  
• Identify repowering opportunities (inverter upgrades, bifacial modules, tracker tuning) to lift yield without expanding footprint
  
• Enable demand‑response and flexibility services where customers can monetize load shifting alongside onsite solar
  
• Build a local operations hub and field teams to support rapid troubleshooting and customer engagement across the peninsula
• Use the Iberian base to originate additional C&I BTM projects and expand cross‑border portfolio scale for further efficiencies