Dutch-French developer Sunvest Raises €25m Solar War Chest – EQ Mag Pro
Sunvest Ontwikkeling has generated the finances for a 420MW portfolio of 16 projects in the Netherlands
Dutch French developer Sunvest Ontwikkeling has raised €25m in subordinated debt for a 420MW portfolio of 16 solar projects in the Netherlands.
This comprises a number of sites that are currently in development, construction and operation.
Sunvest is a joint venture between ProfiNRG, a technical EPC and O&M provider, and Green Tower, a proprietary investment vehicle focused on the energy transition sectors.
The developer, who is based across the Netherlands, Belgium and France, was advised by Green Giraffe on the mezzanine financing raise.
The funding provides financial resources for Sunvest’s pipeline of projects, without diluting Sunvest’s share ownership in its plants, and adds high-quality renewable energy assets to Sienna Private Credit portfolio, Green Giraffe said.
Sienna Private Credit (formerly Acofi Gestion) is an AIFM portfolio management company, approved by the AMF since 1997, and since 2022 an entity of Sienna Investment Managers group, alternative investments hub specialized in real assets and private equity through investments in non-listed companies.
Source: renews
