After years of rapid build-out, Europe’s solar sector faces mounting pressure from negative pricing, falling capture rates, and grid constraints. In core markets, standalone solar is no longer consistently delivering acceptable returns, accelerating a shift toward hybrid projects with storage and more structured and shaped offtake. As developers redesign projects, portfolios, and revenue models, and lenders grow more selective, this session explores what is now required to keep solar financeable at scale and which models will attract capital in its next phase. 

• Economics Repriced: How are capture rate compression, negative pricing, and supply chain uncertainty reshaping debt sizing, equity return expectations, and investment appetite for standalone solar? In core markets such as Germany, Spain, and the Netherlands, where are the lines today between projects that remain financeable and those that no longer do? 

• Storage as Standard: Has storage moved from optional enhancement to financing prerequisite in core European markets? How are lenders underwriting hybrid revenues from stacked arbitrage and ancillary services, and how is this reshaping project design, risk allocation, and pipeline strategy? 

• Restoring Bankability: How are offtake structures evolving beyond pay-as-produced models as PPA liquidity tightens and shaped and firmed contracts emerge? As delivery obligations become more structured, who carries price, volume, and profile risk, and how is this affecting leverage, bankability, and returns? What technical optimisation strategies are now critical to maintaining project economics? 

• Capital Allocation: Will rising data centre and industrial demand restore solar capture rates, or are storage and structured offtake now essential for investable returns? As capital becomes more selective, are portfolios replacing single-asset sales as the primary route to attract investment and achieve exits? What needs to change in how and where solar and storage are deployed to better align with demand and attract investment?