UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM) has made its first investment via its Infrastructure Debt Platform High Yield strategy (IDP HY); the provision of a €35 million ($39 million) green loan to German green-energy firm Pacifico Renewables.
Pacifico Renewables operates a diverse portfolio of generating renewable energy assets across Europe. The company’s fully operational onshore wind and solar photovoltaic assets comprise a total generation capacity of 166 megawatts, with a further 3.1 gigawatts of assets in its development pipeline and a goal of reaching 400 megawatts of capacity by 2023.
The capital will be used to refinance the group’s portfolio of operational renewable energy projects, as well as existing debt, and support the growth of the business via the expansion of its asset base across Europe.
It underlines IDP HY’s wider strategy of deploying capital in mid-market infrastructure assets, alongside a focus on sus
