Austrian-German photovoltaic specialist CCE has secured a €50m loan from a fund managed by French asset manager RGreen Invest.

Mathilde Ketoff, deputy CIO and head of debt investment at RGreen Invest, said the financing, which has been made via its Infrabridge III fund, marks the close of the fund and “launch the fourth vintage of our short-term debt strategy”.

She said: “We are looking forward to continuing supporting impactful companies and projects with our flexible debt capital solutions.”

Martin Dürnberger and Jörg Menyesch, joint CEOs at CCE, said: “2024 will be a very dynamic year for CCE, as we plan the construction start of projects with a total output of over 400MW. We are delighted to partner once again with RGreen Invest, a leading player in the renewable energy financing sector.”

Nicolas Rochon, CEO and founder of RGreen Invest, said: “By 2030, we need to reach 42% renewable energy in the energy mix in Europe. Today we are at 22%. It is therefore crucial to accelerate the financing of the energy transition.

“Debt is an attractive financing tool for project developers and entrepreneurs, which also enables us to deliver attractive performance to our investors.” 

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