Financing Agreement Between Eidf and The IKAV Investment Fund For 30 Generation Projects – EQ Mag Pro
EiDF Solar has reached an agreement with the IKAV investment fund , through its IEI II Global Infrastructure Investments vehicle, to finance 30 photovoltaic generation parks for a total capacity of 48 MW. These are the first parks to be launched by EiDF.
IKAV contributes a total of 13 million euros which will mean its entry as an investment partner of EiDF Generación.
EiDF has strengthened its Generation unit in the last year to accelerate its vertical integration plans based on the complementarity of three activities: self-consumption, generation and marketing. The energy produced in the parks built and operated by EiDF will be used for its commercialization area, reinforced after the acquisition of ODF Energía.
The company’s portfolio of generation projects exceeds 1,000 MW . However, it continues to analyze investment opportunities that allow it to expand its pipeline with other projects at an advanced stage of development.
About IKAV
IKAV is a fund specialized in Infrastructures that manages more than 400 MW in renewable energy projects in Europe. It currently has 2.5 EUR Bn in assets under management. The group has more than 350 employees distributed among its different headquarters (Germany, Spain, Italy, France, Portugal, the United Kingdom, Luxembourg and the USA).
Source: eidfsolar
