Eiffel Investment Group and R.Power Investment B.V., a wholly-owned subsidiary of R.Power SA – a vertically integrated international solar photovoltaic power plants developer and independent power producer based in Poland – have entered into a loan agreement up to the amount of EUR 30 million (with an option to increase the loan amount to EUR 40 million) for a period of up to 18 months. The loan was granted from bridge financing funds managed by the French investor Eiffel Investment Group.
ReneSola signs JV agreement with Eiffel Investment Group
Image: ReneSola
Solar developer ReneSola Power has established a joint venture with asset management firm Eiffel Investment Group to finance its current European project pipeline.
The portfolio includes projects in Poland, Spain, and France with a potential power generation capacity of 340MW, but the company will seek to fund up to 700MW of new solar projects over the next three years. The JV will be used to bring those developments to a ready-to-build stage.
ReneSola, which returned to net profit in its full-year results despite struggling with declining revenues throughout 2020, will have a 51% stake in the JV, while Eiffel Investment will hold the remaining 49%. The two companies announced their plan to form a new entity in January, which will see the asset manager make capital contributions to the JV as qualifying projects are constructed. ReneSola will then lead the project identification and development process.
GoldenPeaks Capital Holding Ltd.: GoldenPeaks Capital and Eiffel Investment Group Announce a €35m Bridge Facility
ZUG, SWITZERLAND / ACCESSWIRE / April 29, 2021 /
GoldenPeaks Capital secured a €35m bridge facility from Eiffel Investment Group to support the ongoing expansion of its Polish solar PV portfolio. Eiffel Energy Transition Fund and Eiffel Energy Transition Fund II subscribed to the bonds through a private offering.
The proceeds from the bonds enable GoldenPeaks Capital to accelerate the early construction work for its PV projects located in Poland. The facility will be first used for projects Alpha and Charlie that will have a total capacity of between 150MW - 200MW. The facility will then be recycled into other projects. Concurrently, it allows the group to secure preferential terms, and mitigate long lead times on key equipment procurement. This is particularly pertinent in the current era of disrupted global logistics.
EQS-News: GoldenPeaks Capital Holding Ltd.: GoldenPeaks Capital and Eiffel Investment Group announce a €35m bridge facility
GoldenPeaks Capital and Eiffel Investment Group announce a €35m bridge facility
28.04.2021 / 08:30
announce a €35m bridge facility
Zug, April 28, 2021 - GoldenPeaks Capital secured a €35m bridge facility from Eiffel Investment Group to support the ongoing expansion of its Polish solar PV portfolio. Eiffel Energy Transition Fund and Eiffel Energy Transition Fund II subscribed to the bonds through a private offering.
The proceeds from the bonds enable GoldenPeaks Capital to accelerate the early construction work for its PV projects located in Poland. The facility will be first used for projects Alpha and Charlie that will have a total capacity of between 150MW - 200MW. The facility will then be recycled into other projects. Concurrently, it allows the group to secure preferential terms, and mitigate long lead times on key equipment procurement. T
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