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Dutch financial institutions agree on EUR 180 million debt bridge financing for solar parks in Europe
The Dutch financial institutions ABN AMRO and Rabobank have agreed on a EUR 180 million debt bridge financing to support the growth plans of Encavis AG's PV portfolio in Europe. We have assisted ABN AMRO and Rabobank on the matter.
The German wind and solar park operator Encavis has entered this facility to support solar projects, mainly in Denmark, Germany, Italy and Spain. Key focus will be on RtB (ready-to-built) projects as well as operating projects in the beforementioned countries. The financing amount can be further increased to EUR 310 million with existing and/or new lenders.
The advice on lender side was led by Hogan Lovells (Hamburg). We have assisted the lenders on the Danish aspects.
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