German-based renewable energy developer Blue Elephant Energy has secured €200 million in financing from infrastructure debt investor Infranity to support the development and construction of 1 gigawatt of wind and solar capacity across Europe.
The funding was structured as a HoldCo construction facility, with an option to increase the commitment by a further €200 million, the companies said in a joint statement. Infranity will act as the sole lender.
“This partnership with Infranity SAS, one of the leading global infrastructure debt investors, will not only enhance our capital structure but also help us unlock new opportunities for growth,” said Dorothee Klinkmann, Head of Corporate and Project Finance at Blue Elephant Energy. “We look forward to the continued momentum this financing will bring.”
Founded in 2016, Blue Elephant Energy focuses on solar and onshore wind projects, as well as energy storage solutions. Its current portfolio, mostly located in Western and Central Europe, has a total generation capacity of 1,730 megawatts peak (MWp). The company’s strategy aligns with the European Union’s target to increase renewable energy capacity to 1,200 gigawatts by 2030.
The agreement adds to Infranity’s growing renewable energy investment portfolio, which has reached €2.4 billion to date.
“Our partnership with Blue Elephant Energy represents a significant step forward in our commitment to fostering sustainable energy solutions across Europe,” said Garbiñe Unda, Investment Director at Infranity. “We believe that this collaboration underscores our belief in the transformative power of renewable energy and its crucial role in addressing climate change.
Blue Elephant Energy said the financing would allow it to accelerate project development across multiple European markets, supporting the broader energy transition and regional decarbonisation efforts.
