ILOS Projects (ILOS) has secured an additional €450m credit facility from infrastructure investor EIG and Canadian investor La Caisse.
ILOS Projects said the increased commitment builds on deployment under the initial €250m tranche provided by EIG to support the firm’s target of developing and operating more than 2GW of solar and battery storage capacity across Europe by 2028.
Rob Johnson, managing director at EIG, and president and CIO of EIG credit management, said: “ILOS has built a platform with a clear focus on disciplined development and execution across key European power markets.
“The upsizing of this facility reflects the progress the team has made deploying capital under the initial tranche and our continued confidence in ILOS’s strategy, asset base and management team.”
Jérôme Marquis, managing director and head of private credit at La Caisse, said: “This transaction reflects our confidence in the quality of ILOS’s platform and aligns with our focus on high‑quality renewable power assets across Europe.
“By supporting the expansion of solar capacity amid rising energy demand, we are directing capital toward essential infrastructure, alongside partners with a strong track record.”
Sascha Klos, chief commercial officer at ILOS, said: “ILOS has delivered significant growth since inception, and this facility increase is a testament to the strength of our platform and strategy.
“We are proud to extend our relationship with EIG while welcoming La Caisse as a new partner as we continue to scale our portfolio and strengthen our position as a leading European independent power producer platform.”
AXA IM Alts, which is now part of BNP Paribas Asset Management Alts, acquired a 60% interest in ILOS Projects last year to support the firm’s target of expanding its pan-European IPP platform.
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