Prosolia Energy, an international independent power producer (IPP) and a portfolio company of InfraVia Capital Partners, has secured €380 million ($452 million) in financing to support the development of its global pipeline, including photovoltaic (PV), wind and battery storage assets.
The financing includes a €150 million ($179 million) senior debt construction warehouse facility provided by the ABN AMRO, SMBC and Santander banks to fund up to 600 megawatts of utility-scale and distributed generation assets across seven jurisdictions. In addition, €94 million ($112 million) of senior debt facilities with Goldman Sachs has been raised to fund the construction of various pipeline projects. These include assets developed, built and operated by Prosolia Energy — notably, one of France’s largest hybrid PV carport projects. Prosolia Energy also secured nearly €135 million ($161 million) of senior debt facilities with SMBC for the acquisition of 229 megawatts of operati