Prosolia Charges Ahead with EUR 255m Debt Financing

Jul 28, 2023 09:31 PM ET
  • Prosolia Energy secures €255 million debt financing from US investor EIG, to rapidly expand solar energy activities in Western Europe. Finergreen advises Prosolia as they increase their influence in the solar energy industry.
Prosolia Charges Ahead with EUR 255m Debt Financing

Prosolia Energy has secured a €255 million debt financing package from US-based institutional investor EIG. The money will be used to speed up Prosolia's solar activities in Western Europe, with projects spread across Spain, Portugal, France and Italy. Prosolia has a pipeline of 400 MW and expects to reach 2 GW of operating solar plants within three years. This financing will enable Prosolia to expand their operations and increase their influence in the solar energy industry.

The transaction was facilitated by M&A boutique Finergreen, which advised Prosolia on the negotiation. This is an important step forward for Prosolia, and represents a major investment in solar energy in Europe, providing a boost to the industry and its stakeholders.

How Will Prosolia's €255 Million Debt Financing Impact the Solar Industry in Europe?

  • Prosolia Energy's €255 million debt financing package will enable the company to expedite solar projects in Western Europe, including in Spain, Portugal, France and Italy.
  • The investment will be used to support a pipeline of 400 MW and could reach 2 GW of operating solar plants within three years.
  • This will greatly increase Prosolia's presence and market share in the solar energy industry and will create a more competitive and sustainable European solar energy market.
  • The transaction was facilitated by M&A boutique Finergreen, which provided advice and support to Prosolia during the negotiation process.
  • The investment provides a much needed boost to the solar energy industry in Europe, benefiting all stakeholders involved.

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