Paris, 16 April 2024 – CCE, the Austrian-German photovoltaic specialist, has secured €50 million in corporate financing from RGREEN INVEST, an independent investment management company specialising in the financing of energy transition infrastructure projects. This investment was made by INFRABRIDGE III (Art.9 SFDR), the short-term senior debt fund managed by RGREEN INVEST, which aims at accelerating the energy transition by supporting entrepreneurs of the sector through tailor-made financing solutions.
“2024 will be a very dynamic year for CCE, as we plan the construction start of projects with a total output of over 400 megawatts. We are delighted to partner once again with RGREEN INVEST, a leading player in the renewable energy financing sector,” said CCE’s CEOs Martin Dürnberger and Jörg Menyesch.
“With this investment, we close our INFRABRIDGE III fund and launch the fourth vintage of our short-term debt strategy. We are looking forward to continuing supporting impactful companies and projects with our flexible debt capital solutions,” said Mathilde Ketoff, Deputy CIO – Head of Debt Investment at RGREEN INVEST.
“By 2030, we need to reach 42% renewable energy in the energy mix in Europe. Today we are at 22%. It is therefore crucial to accelerate the financing of the energy transition. Debt is an attractive financing tool for project developers and entrepreneurs, which also enables us to deliver attractive performance to our investors,” adds Nicolas Rochon, CEO and founder of RGREEN INVEST.
RGREEN INVEST was advised by Austrian law firm PHH, while CCE was advised by global law firm Dentons and Dumfarth/Klausberger.