Spain's favorable conditions for wind and solar energy development have positioned it as a global leader in clean energy. While banks typically finance large-scale projects, Alter5 targets smaller projects that require a different investment infrastructure. The platform's AI-driven approach standardizes and streamlines the process of identifying and assessing projects, making it easier for investors to engage with opportunities that might otherwise be overlooked by traditional funding models.
Key takeaways:
```html
- A former Banco Santander SA banker, Miguel Solana, co-founded Alter5, a digital platform using AI to identify renewable energy projects for investment or acquisition.
- Alter5 focuses on mid-market projects, particularly those with debt under €80 million and capacities between 30 and 140 megawatts, primarily in Spain and Italy.
- The platform uses AI tools like ChatGPT to streamline the process of matching projects with potential investors, making operations more standardized and effective.
- Alter5 has successfully closed funding deals totaling €120 million and managed transactions involving approximately 700 megawatts of capacity.