Solar energy producer closes €323m investment deal
Solar independent power producer Power Capital Renewable Energy has closed a landmark financing facility of up to €323 million led by Eiffel Investment Group.
The facility, which may be upsized to €323 million, is being used to finish the development and build most of Power Capital’s assets. It has been structured as a bond listed on the Vienna Stock Exchange.
This transaction aligns with Eiffel’s strategy of providing flexible debt capital to European IPPs to fund their construction and late development expenses. €2.2 billion has already been invested by Eiffel along this strategy.
Justin Brown, CEO of Power Capital, said: “We are proud to have Eiffel Investment Group lead on this transaction. Their deep expertise in infrastructure, and flexible approach to structuring has enabled us to secure capital aligned with our growth ambitions”
TechCentral Reporters
Subscribers 0
Fans 0
Followers 0
Followers