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Transactions - JULY 6, 2023

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GOLDBECK SOLAR secures €44m loan from RGREEN INVEST for solar projects in Canada, Chile

by Released

Germany-based GOLDBECK SOLAR Group has achieved financial close of a €44 million ($48 million) HoldCo debt facility with RGREEN INVEST, a French fund manager specializing in energy-transition and climate change–adaptation infrastructure projects.

The funds, provided by RGREEN INVEST's senior debt fund, INFRABRIDGE III, will be used to support the construction of four ground-mounted solar photovoltaic projects. These projects are strategically located in Canada and Chile, with a combined capacity of 69 megawatts and 24 megawatts, respectively.

The Canadian projects, situated in Alberta, boast capacities of 61 megawatts and 8 megawatts, respectively, and form part of the joint venture between GOLDBECK SOLAR and Pathfinder Clean Energy. The projects in Chile, located in the Bío-Bío province, have a capacity of 12 megawatts each. The Chilean projects are expected to benefit from the Pequeños Medios de Generación Distribuida (PMGD) program, while the Canadian projec

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