Bruno Alves
The Danish fund manager has raised one of the largest clean energy funds ever. The vehicle was originally targeting €1.5 billion.
The green bond issue, if it goes ahead, could be a first of its kind transaction to back an acquisition.
Merrill Lynch and Aion Capital Partners are providing the convertible debt which adds to the $70 million raised by the company last year.
The fund, which will continue to raise more capital, will finance off-grid energy projects mainly in Africa and Asia.
Ecotricity is using the money to refinance a 60MW operational UK wind and solar portfolio.
Macquarie Infrastructure Debt Investment Solutions (MIDIS) has provided a £21.5 million facility to a Welsh solar project
Italy’s first project bond gets seal of approval from institutional capital.
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CDC Infrastructure and UBS Infrastructure Fund got their debt downgraded to junk as Norway pushes harsh gas tariff cuts through.
Assured Guaranty and the EIB are helping to put project bonds back on the European menu.
The up to 12-year fund has just held a first close on €425m backed by three European insurance companies.