Infrastructure investment manager Infranity has provided €200m in financing to renewable energy firm Blue Elephant Energy to support its expansion across Europe.
The Generali-backed infrastructure investor has partnered with Blue Elephant Energy to provide the financing in the form of a construction facility, with an option to increase it by a further €200m.
Since its establishment in 2016, Blue Elephant Energy has focused on developing, acquiring and operating solar parks, onshore wind farms, and storage solutions. The renewable energy company currently manages a portfolio with a total capacity of 1,730MWp, primarily located across Western and Central Europe.
Garbiñe Unda, investment director at Infranity, said: “Our partnership with Blue Elephant Energy represents a significant step forward in our commitment to fostering sustainable energy solutions across Europe.
“We are very pleased to support Blue Elephant in their next growth chapter and we believe that this collaboration underscores our belief in the transformative power of renewable energy and its crucial role in addressing climate change.”
Dorothee Klinkmann, head of corporate and project finance at Blue Elephant Energy, said: “This partnership with Infranity, one of the leading global infrastructure debt investors, will not only enhance our capital structure but also help us unlock new opportunities for growth.
“We look forward to the continued momentum this financing will bring, positioning us to execute our growth strategy more effectively and deliver on our long-term goals.”
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