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The GOLDBECK SOLAR Group concludes a HoldCo financing of 44 million euros with RGREEN INVEST. RGREEN INVEST is a French fund manager focusing on infrastructure projects related to energy transition and climate change. The funds will be used for the construction of four ground-mounted projects at strategic locations in Canada and Chile with a total capacity of 69 MWp and 24 MWp respectively.
The Canadian projects in Alberta have a capacity of 61 MWp and 8 MWp respectively and are part of the joint venture between GOLDBECK SOLAR and Pathfinder Clean Energy. The projects in Chile in the province of Bío-Bío each have a capacity of 12 MWp. The Chilean projects are expected to be supported by the Pequeños Medios de Generación Distribuida (PMGD) program, while the Canadian projects will initially be operated on a “fully merchant” basis so that GOLDBECK SOLAR can continue to benefit from market changes.
“We are delighted to be working with RGREEN INVEST,” says Olga Kovalchuk, Head of Finance and Investments at GOLDBECK SOLAR. “This collaboration underscores our commitment to driving the transition to a sustainable ecosystem globally and will accelerate the realization of our first solar projects in Canada and Chile.” “This investment is further proof of our confidence in experienced global players like GOLDBECK SOLAR, who provide innovative solar solutions around the world,” adds Mathilde Ketoff, Head of Debt Investment at RGREEN INVEST. “While our main focus is on financing European projects, our mandate allows us to expand into new countries through strategic partnerships. Our goal is to contribute to a sustainable future by harnessing the power of clean and reliable solar energy.”
Capcora, a leading advisory firm, acted as exclusive financial advisor to GOLDBECK SOLAR on this landmark transaction. Their expertise and a structured process were crucial in securing this substantial financing package.
“This funding injection will drive forward GOLDBECK SOLAR’s pioneering work in Canada and Chile. When entering new markets, access to competitive sources of financing is crucial. We are pleased to have been able to support this European conglomerate in financing projects on two continents and thus facilitate its successful market entry,” comments Alexander Enrique Kuhn, Managing Partner at Capcora. On the legal side, the transaction was supported by CMS (cross-border) as well as Dentons (Canada) and PPU (Chile).
RGREEN INVEST is an independent, mission-driven and B Corp-certified investment management company founded in Paris in 2013. The company has a proven track record of investing in and financing infrastructure projects that drive our energy transition, climate change mitigation and adaptation. With more than 40 experienced professionals whose expertise spans fund management, investment banking and renewable energy, RGREEN INVEST has one of the most comprehensive teams of specialists in Europe. The company pays careful attention to sustainability and incorporates robust ESG principles into its investment criteria. As an investment company, we see it as our responsibility to lead by example and drive this necessary change to create a future that we can be proud to leave as a legacy. RGREEN INVEST’S INVESTMENT STRATEGIES ARE ONLY AVAILABLE TO PROFESSIONAL AND QUALIFIED INVESTORS.
Capcora is an independent financial advisory boutique specializing in M&A and project finance services with the aim of accelerating the energy transition in Europe. Founded in 2015 and based in Frankfurt am Main, the company supports its clients in the renewable energy and infrastructure sectors in sell-side and buy-side M&A transactions as well as in the procurement of mezzanine, unitranche and senior financing.
