ETIC Partners has secured an initial €70m in capital commitments for its latest European energy transition debt fund, with a €20m anchor commitment from the European Bank for Reconstruction and Development (EBRD).
The manager’s Energy Transition Europe II, which has a €250m hard cap, is raising the capital to finance renewable energy projects across Southern and Central & Eastern Europe.
The fund, which provides junior debt tickets between €5m and €25m for solar, onshore wind and storage projects, has already deployed €35m across France, Italy, Romania and Hungary.
Simon Quiret, co-founder and CEO of ETIC, said: “We are delighted to welcome high-caliber investors such as EBRD, and by the renewed trust of French mutual insurance group MAIF. It is a testament to our investment thesis: capital that is both secure and flexible, to support the growth of small-mid independent actors who play the leading role in Europe’s transition to sovereign and green energy.”
Karsten Sinner, head of infrastructure fund investments at EBRD, said: “We are pleased to support Energy Transition Europe II and the independent ETIC team, which aligns with the EBRD’s strategic focus on backing private-market solutions that mobilise capital for renewable energy infrastructure.
“The fund provides a specialised junior-debt solution that helps address a financing gap in a segment that remains relatively underserved in the EBRD’s countries of operations across Central, Eastern and South Eastern Europe. Expanding the range of financing tools available to the sector is important to strengthen energy security and accelerate the energy transition across the EBRD countries of operations.”
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