Goldbeck Solar Group (“Goldbeck Solar”), a renowned global leader in renewable energy solutions based in Germany, has announced the successful closure of a €44 million HoldCo debt facility with RGreen Invest. RGreen Invest, a French fund manager specializing in energy transition and climate change adaptation infrastructure projects, provided the funding through its esteemed short-term senior debt fund, Infrabridge III. The loan will facilitate the construction of four ground-mounted solar PV projects in Canada and Chile, with a combined capacity of 69 MWp and 24 MWp respectively.
The Canadian solar projects, located in Alberta, consist of a joint venture between Goldbeck Solar and Pathfinder Clean Energy and have capacities of 61 MWp and 8 MWp respectively. These projects will initially operate on a “fully merchant” basis, allowing Goldbeck Solar to take capitalize on market dynamics. In Chile, the projects situated in the Bío-Bío Province each have a capacity of 12 MWp. Goldbeck Solar anticipates that the Chilean projects will benefit from the Pequeños Medios de Generación Distribuida (PMGD) program.
Olga Kovalchuk, Head of Finance and Investment at Goldbeck Solar, expressed enthusiasm about the partnership with RGreen Invest, stating, “We are thrilled to partner with RGreen Invest, a prominent player in the renewable energy finance sector. This collaboration reinforces our commitment to driving the global transition to sustainable energy systems and will accelerate the realization of our first solar projects in Canada and Chile.”
RGreen Invest’s Head of Debt Investment, Mathilde Ketoff, highlighted the organization’s confidence in Goldbeck Solar’s capabilities, commenting, “This investment underscores our confidence in experienced global players such as Goldbeck Solar to deliver innovative solar energy solutions across the globe. While our primary focus lies in funding European projects, our mandate enables us to expand into new countries through strategic partnerships. Our ultimate goal is to contribute to a sustainable future by harnessing the power of clean and dependable solar energy.”
The financial advisory firm Capcora played a crucial role in securing this significant financing package, acting as the exclusive financial advisor to Goldbeck Solar. The transaction received legal support from CMS (cross-border), Dentons (Canada), and PPU (Chile), further ensuring the successful execution of the deal.