Austrian-German solar installer and operator, CCE Holding, has successfully secured EUR 50 million in debt financing to propel the construction of over 400 MW of photovoltaic (PV) projects throughout the current year.
The Vienna-based company finalized a EUR 50 million loan agreement with French independent asset manager, Rgreen Invest, utilizing the latter's short-term senior debt fund, Infrabridge III, as disclosed in a press statement.
Commenting on the ambitious plans for 2024, CCE's CEOs, Martin Durnberger and Jorg Menyesch, expressed optimism, stating, “2024 will be a very dynamic year for CCE, as we plan the construction start of projects with a total output of over 400 MW.”
For Rgreen Invest, this financing endeavor signifies a significant milestone, marking the culmination of the Infrabridge III fund while also aligning with the company's broader mission to expedite the financing for energy transition projects in accordance with European renewable energy targets.
Among Rgreen Invest's recent ventures is a notable co-financing arrangement for a 24-MW solar portfolio in Spain, spearheaded by a subsidiary of France's CVE Group. Additionally, the company's joint venture with Echosys Advisory entered into a credit agreement last December to support WATT Renewables' initiatives in constructing solar hybrid power plants in Nigeria.
