Macquarie Asset Management, on behalf of its institutional clients, has provided approximately €420m of debt financing to Nadara, one of Europe’s largest renewable independent power producers.
Nadara is a developer, owner and operator of a diverse portfolio of more than 200 wind, solar, biomass, and energy storage assets across Europe and the US.
The company oversees 4.3GW of installed capacity and has a development pipeline of 14GW.
Nadara was established in 2024 following the merger of Ventient Energy and Renantis, creating the largest non-utility IPP in Europe.
In 2022, Macquarie Asset Management provided €100m of debt financing to Renantis, formerly Falck Renewables.
The financing of Nadara represents an amend, extend, novation and upsizing of this original investment.
Alice Pulbrook, a senior vice president at Macquarie Asset Management, said: “Since our initial investment in the business in 2022, it has been a pleasure to witness the growth of the company into a leading renewables IPP.
“We are delighted to continue to support Nadara as it delivers on its ambition to provide the energy solutions critical to creating a more sustainable energy system.”
Macquarie Asset Management’s Credit division is a global credit platform with approximately €205bn assets under management.
The platform offers focused expertise and solutions across the liquidity, risk and return spectrums, and has approximately €35bn of private credit assets under management.
The private credit market continues to demonstrate strong growth, with assets under management expected to increase from US$1.7trillion to US$2.8trillion globally by 2028.
Within this, the renewables sector is becoming an ever-increasing component of infrastructure debt, with investments in renewable energy expected to continue to grow at 7% annually.