Econergy, a publicly traded independent power producer (IPP), and Rivage Investment, an independent asset management company specializing in the financing of sustainable infrastructure, have announced a €150 million ($161 million) debt financing agreement to advance an ambitious pipeline of European renewable-energy projects.
Rivage Investment, a French asset manager with €7.7 billion ($8.2 billion) of assets under management, combines expertise in European infrastructure and French public-sector debt financing. The company serves a number of institutional investors in Europe, particularly in the insurance, pension and retirement sectors. Rivage Investment is one of a number of financiers that have financed Econergy’s pipeline recently, as the company continues its European growth trajectory.
The financing package will support a slew of solar PV, wind and storage projects and the ongoing development and construction in Econergy’s primary target markets of Italy