Macquarie provides US$100 million of debt financing to renewables developer

Falck Renewables develops and manages PV projects in markets including the US, Italy and Spain. Image: Falck Renewables via Twitter.

Investment bank Macquarie Asset Management has provided €100 million (US$98.5 million) of debt financing to Green Bidco, the parent company of solar developer Falck Renewables.

The investment represents a “valuable opportunity” to expand the development of renewables for the developer, according to senior vice president at Macquarie Asset Management, Alice Pulbrook.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Italy-headquartered Falck has an existing portfolio of 1.4GW capacity of solar PV, wind, waste-to-energy, biomass and energy storage projects across Europe and the US.

The announcement continues Macquarie’s activity in the renewable energy sector, including its acquisition of French independent power producer Reden Solar for US$2.7 billion, the funding of a 365MW UK solar portfolio and its acquisition of a stake in UK solar developer Island Green Power earlier in the year.

The investment bank has US$11.4 billion of assets under management across infrastructure, real estate and structured credit.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA