Encevo, a sustainable energy player in Luxembourg and the greater region, has announced a €200 million ($235 million) issuance of senior unsecured notes to invest in sustainable energy solutions and infrastructure.
Phoenix Group, one of the United Kingdom's largest long-term savings and retirement businesses, participated as a lead lender in the issuance, contributing €120 million ($141 million) to the transaction.
Encevo Group covers the full energy value chain — from renewable-energy production and supply to grid operation and energy services. The funding supports Encevo’s growth strategy and underscores its commitment to backing robust businesses in the energy sector.
“Our €120 million ($141 million) commitment to this transaction reflects our confidence in Encevo's resilient business model, experienced management team and strategic vision,” said Cedric Rozier, head of private credit at Phoenix. “Encevo’s position as a defensive asset with a
