Prosolia Energy has successful closed €255m hybrid debt financing provided by EIG to accelerate the latter’s solar activities in Western Europe.
This financing, which was secured with the support of Finergreen, will fund both Prosolia’s commercial and industrial (C&I) and utility scale segments.The completion of the financing transaction will not only enable the firm to grow its existing operations but also strengthen its presence in Western Europe.
At the moment, Prosolia has a robust pipeline consisting of 400MW spread across Spain, Portugal, France, and Italy and expects to reach 2GW of operating assets within three years.The financing arrangement was facilitated by EIG, a prominent institutional investor renowned for its expertise in the global energy and infrastructure sector.
Finergreen has been working closely with Prosolia since 2019, collaborating on numerous mandates for both C&I and utility scale projects in Spain and France.