Germany-based Blue Elephant Energy GmbH signed a €200 million (~$230.4 million) financing agreement with Infranity SAS. The funding will support the development of 1 GW of renewable energy capacity across Europe. Infranity acted as the sole lender for the financing agreement. The funding was structured as a Holdco construction facility with an option to increase by another €200 million. Blue Elephant Energy, active in solar, wind, and storage projects since 2016, held a portfolio of 1.73 GW across Western and Central Europe. The financing aligned with EU targets under the REPowerEU plan. Infranityhad previously invested €2.4 billion (~$2.76 billion) in renewable projects.Blue Elephant Energy's expansion follows its recent acquisition of an 88MW Dutch PV portfolio from TPSolar, strengthening its European renewable footprint.