EOS Investment: Major Green Loan Secured for Solar Projects
Deal News | Jan 16, 2025 | Finance Community IT - 1 Corporate M&A
EOS Investment Management Group (EOS IM), an independent asset manager focusing on alternative investments in energy transition and sustainability, has secured a substantial financing agreement for its EOS Renewable Infra Fund II portfolio. The financing, structured as a multi-jurisdictional green loan, is supported by ING Bank N.V.'s Milan Branch, serving as the facility agent. The green loan, totaling €108 million, is aimed at the development and optimization of a portfolio comprising photovoltaic plants with over 250 MW capacity, notably with projects under construction in Lazio and Sardinia, Italy, and operational facilities in Spain. Legal and financial advisors including ValeCap, Grimaldi Alliance, and various technical advisory firms supported both EOS IM and ING Bank in their roles. The financing is projected to significantly bolster EOS IM's capabilities in expanding renewable energy solutions and consolidating a major solar project portfolio in Europe, thereby advancing the energy transition with a firm commitment to ESG principles.
Sectors
- Renewable Energy
- Finance
- Legal Advisory
Geography
- Italy – A significant portion of the photovoltaic plants being financed are located in Italy, making it a central geography in the execution of this project.
- Spain – Part of the portfolio includes operational solar plants in Spain, highlighting its geographical relevance to the project.
- Europe – The broader aim of the financing aligns with the European transition towards sustainable energy, indicating its importance on a continental scale.
Industry
- Renewable Energy – The article discusses the financing of solar power projects, signifying its relevance to the renewable energy industry focused on sustainable energy solutions.
- Finance – The involvement of a significant financial institution, ING Bank, and the structuring of a complex financial loan highlight the financial industry's role in supporting energy projects.
- Legal Advisory – The participation of various legal advisory firms underscores the importance of legal expertise in international financing deals.
Financials
- €108 million – Total green loan financing secured by EOS IM to support its renewable energy projects.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EOS Investment Management Group | Target Company | Company | An independent asset manager specializing in sustainable and energy transition investments. |
| ING Bank N.V. Milan Branch | Financier | Company | A major financial institution providing the green loan and serving as facility agent in the transaction. |
| ValeCap | Financial Advisor | Company | Provided financial advisory to EOS IM for the financing transaction. |
| Grimaldi Alliance | Legal Advisor | Company | Provided legal advisory services to EOS IM. |
| Green Horse Legal Advisory, Van Campen/Liem, J&A Garrigues | Legal Advisors | Company | Provided legal advisory services to ING Bank. |
| RINA Consulting, ATA | Technical Advisors | Company | Provided technical advisory services for the deal. |