German renewable energy developer Alterric has closed a new €300 million ($X million) syndicated green credit facility to support its growth and investment plans, the company said.
The three-year loan includes options to extend by a further two years and is expected to increase to €400 million in the first half of 2026. Alterric said the new facility will replace an existing €200 million syndicated credit line that was due to expire in August next year.
“With our financing strategy, we are laying the foundation for our growth trajectory and extensive investments,” said Kai Zoellmann, chief financial officer of Alterric.
“These are necessary to implement the energy transition and thus an independent, secure and affordable energy supply for our economy, industry and society,” Zoellmann said, adding that the support from lenders underlines Alterric’s position in the renewable energy sector.
The transaction was structured and coordinated by Commerzbank and ING as mandated lead arrangers and bookrunners. Commerzbank also acted as facility and security agent and documentation bank, while ING served as green loan coordinator, the company said.
Alterric said the refinancing provides additional headroom to pursue new renewable projects as demand for clean energy investment continues to grow.
