REDEN has secured nearly €1.1 billion in refinancing, backed by its operational and under-construction solar and energy storage assets across Europe
The company has a total installed capacity of 1.1 GW across multiple markets, but Europe remains its core focus
The company recently strengthened its leadership team with new senior appointments to support faster growth and expansion in its core solar and energy storage markets
REDEN, a France-based pan-European solar and energy storage projects developer, has announced raising close to €1.1 billion in refinancing for its pan-European platform.
The refinancing is secured by REDEN’s portfolio of operational and under-construction assets in the region. The French developer has 1.1 GW of installed capacity across its portfolio, spread across France, Spain, Portugal, Italy, Germany, Mexico, Puerto Rico, and Chile.
REDEN says the refinancing is designed to create a more flexible and efficient financing structure to support the company’s near-term growth. The deal is backed by a group of more than 10 lenders, including several of REDEN’s long-standing banking partners.
Advisory support for the transaction came from DC Advisory as the lead financial advisor, along with Crédit Agricole Corporate and Investment Bank and Natixis as the co-advisors.
Recently, the company expanded its top leadership team with the appointment of Vincent Gaillard as Chief Financial Officer (CFO), Thomas Innocenzi as Chief Investment Officer (CIO), and Henri François Prat as Chief Operating Officer (COO).
The management said these new appointments are aimed at accelerating the company’s growth in the solar and energy storage domain in its core European markets.
Frank Demaille, Chief Executive Officer (CEO) of the REDEN Group, welcomed the trio, saying, “With Vincent, Thomas, and Henri-François, we gain three highly experienced leaders. They will help us accelerate our growth, further expand our operational strength, and consolidate our position as a leading player across the entire value chain and in our key markets.”