Eiffel Investment shells out €11 million for Sunly’s Polish projects; Alternus will acquire 228 MW solar in Spain; Greencoat Capital will now be known as Schroders Greencoat.
Sunly raises €11 million from Eiffel for Polish solar: Estonia based independent power producer (IPP) Sunly has raised €11 million bridge facility from Eiffel Investment Group to use for solar projects in Poland. Sunly will use the proceeds to finance the acquisition of ready-to-build (RTB) PV projects and payment of deposits for PV projects to secure their grid connection and contracts for difference (CfD) granted through Polish auctions. Recently, Sunly acquired solar developer and EPC contractor Alseva Group in Poland and with this its solar and wind capacity under development now totals 16 GW. The Eiffel facility will enable Sunly to speed up its development in Poland through existing pipeline and create additional development.
Alternus Energy to acquire 228 MW solar in Spain: Ireland based IPP Alternus Energy has signed a binding purchase agreement to acquire up to 228 MW solar power projects in Spain from an unidentified developer. All the 7 projects need to reach RTB stage during Q2/2022 and Q3/2022 when Alternus will acquire these. Currently, these are at mid stage development stage. Its EPC subsidiary Unisun Energy BV will installed the projects and O&M subsidiary Uper Energy BV will provide O&M services. The Irish company’s total Spanish pipeline with these projects now expands to 263 MW. It includes 35 MW Totana Solar Park it acquired in 2021.
Schroders acquires majority stake in Greencoat: British asset manager Schroders plc has completed 75% acquisition of renewable infrastructure manager Greencoat Capital. The latter will now become part of Schroders Capital which is a growing private market division of the group. Greencoat will now be known as Schroders Greencoat.