Antin Infrastructure Partners-backed Opdenergy has secured a €350m corporate debt facility from a group of investors led by global energy and infrastructure capital specialist EIG and infrastructure investor Infranity.

Opdenergy said the new debt facility refinances a €250m euro-denominated senior bond granted in 2022 by EIG and Infranity and upsizes the total amount to €350m.

The company has the option to increase this amount by an additional €150m.

Opdenergy said the debt facility will bolster its efforts to accelerate its business plan, and support its growth as a consolidated large-scale independent power producer in Europe, the US and Latin America.

The independent renewable energy producer currently operates 1.9GW, with 80% of assets located in Europe and the US.

Luis Cid, CEO of Opdenergy, said: ”Our commitment is clear: to strengthen our position as a key player in the global energy transition and to seize development opportunities in high-potential markets. The energy transition requires innovative and flexible solutions. At Opdenergy, we are committed to combining technologies and optimising assets to ensure a stable, profitable, and sustainable energy supply.

“The backing of leading institutional investors such as EIG and Infranity reaffirms the strength of our growth plan and our ability to access financing under competitive conditions.”

Rob Johnson, managing director and global head of direct lending at EIG, said: ”We are pleased to deepen our partnership with Opdenergy through this refinancing, which reflects our continued confidence in the company’s management team as well as in its shareholder Antin.

“This transaction is expected to build on the success of our initial financing and also aligns with our long-term commitment to seek to support high-quality energy infrastructure that has the potential to drive the global energy transition.”

Garbiñe Unda, investment director at Infranity, said: ”We are very pleased to support Opdenergy as a long-term partner in its successful expansion. In light of the EU’s net zero commitment by 2050, the capital needs to finance further energy transition are very substantial.

“Infranity will continue contributing through investments in different renewable energy technologies by selectively partnering with strong players such as Opdenergy.”

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