SDG INVESTMENTS facilitates €12m development facility for portfolio of Italian solar projects
SDG INVESTMENTS GmbH successfully facilitated the closing of a €12m development finance facility for solar developer CCE Solar Invest GmbH, a joint venture between Austrian CCE Group GmbH and German enernovum GmbH & Co. KG. The borrower will use the proceeds for the further development of an Italian solar PV portfolio comprising 14 projects and comprising a combined capacity of 595 MW/p.
The proceeds from the sale of ready-to-build projects will be used to redeem the loan latest by October 2024. SDG INVESTMENTS identified interested investors, mediated the investment process between the lender and the borrower, and facilitated the execution of the transaction.
“SDG INVESTMENTS is pleased to have been able to support CCE Group and enernovum in yet another transaction. Renewable energy is the largest segment of the sustainable finance market, and we take pride in contributing our share in bringing the world a step closer to reaching the UN’s Sustainable Development Goals by 2030. We thank both sponsors for their trust in our services and do look forward working with them on future transactions.” said Dr. Stefan Bund, SDG INVESTMENTS’ Partner who led the transaction.
“We would like to thank SDG INVESTMENTS, who were again able to demonstrate their capabilities in sourcing financing for renewable energy projects in Europe. This important transaction enables CCE and enernovum to further accelerate their development activities and contributes to foster CCE’s strategic development plans.” added Martin Dürnberger, CEO of CCE Group.
About CCE Group GmbH
The CCE Group GmbH was founded in Austria in 2010 and focuses on the development, realisation, financing and management of large open-space PV systems as well as private and commercial rooftop PV systems. With its solution-oriented approach, which reflects many years of experience along the entire value chain, the company aims to make an important contribution to the global energy turnaround. The CCE Group is headquartered in Garsten (Austria) and provides offices in Germany, Italy, France, the Netherlands and Chile. Worldwide, CCE implements solar projects with a total output of more than two Gigawatt in different phases of development. Around one hundred employees contribute daily to making these projects a reality.
About enernovum GmbH & Co. KG
Together with investors, enernovum is taking responsibility for the future and consistently invests in renewable energy and energy efficiency solutions. Based in Cologne, Germany, enernovum works with financial investors, industrial customers, and businesses to offer intelligent solutions and selected services concerning renewable energy and energy efficiency.