Eiffel Investment has provided €20m in financing to ReVenton, a German renewable energy developer backed by Greenpeak Partners.
Eiffel Investment said the senior revolving bond financing, which has been provided via its infrastructure flexible debt funds, would be used to finance the late development and early construction phases of ReVenton’s 1.2GW initial pipeline of solar and onshore wind projects.
Pierre-Antoine Machelon, head of energy transition infrastructure at Eiffel Investment, said: “We are proud to support ReVenton in accelerating the deployment of renewable energy in Germany. Their deep local expertise, technical track record and strong backing from Greenpeak Partners make them an ideal partner.
“This deal illustrates our ability to provide flexible financing to top-tier developers at the most critical stages of project development and construction.”
Jens Cremer, managing partner at Greenpeak Partners, said: “Eiffel’s investment is a strong validation of ReVenton’s capabilities and our strategic roadmap. Their support allows us to move faster on our path to building a robust, diversified independent power producers platform in Germany.
“We value Eiffel’s responsiveness and long-term perspective, which are key to navigating the complex development landscape.”
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