Dutch-French developer raises EUR25m solar war chest

• Sunvest Ontwikkeling has actually produced the finances for a 420MW portfolio of 16 projects in the Netherlands

Dutch French developer Sunvest Ontwikkeling has actually raised EUR25m in subordinated debt for a 420MW portfolio of 16 solar projects in the Netherlands.

This makes up a variety of websites that are presently in growth, building and also operation.

Sunvest is a joint venture in between ProfiNRG, a technical EPC and also O&M carrier, and Green Tower, a proprietary investment vehicle concentrated on the energy transition markets.

The developer, that is based throughout the Netherlands, Belgium and also France, was advised by Green Giraffe on the mezzanine funding raise.

The funding provides financial resources for Sunvest's pipe of projects, without watering down Sunvest's share ownership in its plants, as well as includes high-quality renewable resource possessions to Sienna Private Credit portfolio, Green Giraffe stated.

Sienna Private Credit (formerly Acofi Gestion) is an AIFM portfolio administration company, accepted by the AMF because 1997, and considering that 2022 an entity of Sienna Investment Managers group, alternative investments center specialized in actual properties and private equity through investments in non-listed business.