Macquarie provides EUR-100m debt financing to Falck Renewables
Falck Renewables’ Brattmyrliden wind farm in Sweden. Image by Falck Renewables (www.falckrenewables.com)
Macquarie Asset Management said on Monday that it had provided EUR 100 million (USD 98.3m) of debt financing to Green Bidco SpA, the parent company of Italian firm Falck Renewables SpA.
Falck Renewables develops, owns and operates renewable energy plants in Europe and the US. As of the end of August, the firm has 1,420 MW of combined capacity across wind and solar farms, waste-to-energy and biomass-based plants and energy storage projects, Macquarie said.
“The investment represents a valuable opportunity for our clients to back the continued development of more sustainable, low-carbon energy solutions and technologies,” said Alice Pulbrook, a Senior Vice President at Macquarie Asset Management, in a statement released by the asset manager.
No other details about the use of funds were given.
Falck Renewables was taken over by Green Bidco, an affiliate of Infrastructure Investments Fund (IIF), and delisted from the Italian stock exchange earlier this year.
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