Business World of Renewable Energy

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Capcora Advises: Goldbeck Solar Secures Financing For PV Parks in Canada and Chile - FP Lux Expands Portfolio of RE Funds

Frankfurt am Main, Germany - The importance of solar power generation continues to grow in the financial sector. This is demonstrated by the latest projects in which Frankfurt-based consulting firm Capcora is involved.

For German-based Goldbeck Solar, Capcora acted as exclusive financial advisor on a multi-million dollar financing for large-scale solar projects in Canada and Chile. Capcora also acted as M&A advisor to Goodyields on the sale of a 15 MWp portfolio solar farm in Spain to FP Lux Investments.

Goldbeck Solar secures €44 million financing from Rgreen Invest for 93 MWp in Canada and Chile

Germany-based Goldbeck Solar Group, a leading global provider of renewable energy solutions, closes a €44 million HoldCo financing with Rgreen Invest. Rgreen Invest is a French fund manager focusing on infrastructure projects related to energy transition and climate change. Rgreen Invest's short-term senior debt fund, Infrabridge III, will be used to construct four ground-mounted projects. The projects are located in strategic locations in Canada and Chile and have a total capacity of 69 MWp and 24 MWp, respectively.

"This injection of funding will advance Goldbeck Solar's pioneering work in Canada and Chile. When entering new markets, access to competitive sources of financing is critical," said Alexander Enrique Kuhn, Managing Partner at Capcora, pleased with the successful transaction.

Capcora assists Goodyields in the sale of an operational 15 MWp solar park in Spain to FP Lux

FP Lux Group is adding a photovoltaic project in Spain to the portfolio of its renewable energy fund RE Infrastructure Opportunities. The solar park with a capacity of around 15 MWp is located in the municipality of Aldeamayor de San Martin (Valladolid) in the Castilla y León region. The internationally active asset manager Recap Global Investors AG, based in Zug (Switzerland), accompanied the transaction for FP Lux. The seller of the park is Renewable Energy Infrastructure Fund II, advised by Goodyields Capital Group. Capcora acted as M&A advisor on the side of Goodyields in this transaction. The Valladolid park already went online in December 2020 and has a power purchase agreement (PPA) with attractive terms.

"The transaction of the solar park in Spain was an exciting challenge for us as M&A advisors. We are proud to have been able to contribute to this successful closing and are pleased to continue our partnership with Goodyields, REIF II as well as Recap and FP Lux," Capcora Managing Partner Magerfleisch added about the transaction.

With the acquisition of the solar park, Recap expands the RE Infrastructure Opportunities fund's existing portfolio to 16 projects in 30 locations in seven countries. In total, the plants reach a total capacity of over 400 MWp. The fund was designed specifically for institutional investors and successfully completed its final closing at the beginning of 2023 with a subscription volume of 290 million euros. With the FP Lux Energy Transition Fund, Recap already has a successor fund in preparation. A first closing is planned for late summer 2023.

Source: IWR Online, 06 Jul 2023