to-the-point: Green City Energy bags funds for French solar, hydro projects
Solar farm in France. Featured Image: Mny-Jhee/Shutterstock.com
Green City Energy AG has obtained a bridge financing facility of an undisclosed size from the Eiffel Energy Transition Fund so it could finance the construction of certain solar photovoltaic (PV) and hydropower plants in France.
The German renewables developer plans to fund the projects with this facility until it secures long-term financing, according to a statement from Green City Energy’s advisor -- Craven Street Capital.
The release did not provide details about the projects in question.
Eiffel Energy Transition Fund is a fund managed by Eiffel Investment Group that counts the European Investment Bank (EIB) as its lead investor, alongside French and European insurers and pension funds.