project finance brief

Goldbeck Solar, a company specializing in the construction of industrial, commercial, and large-scale solar power projects, concluded €13 million (~$14.24 million) financing agreement with Triodos Bank for two ground-mounted solar photovoltaic power projects totaling 33.3 MW in the Netherlands.

The Reimerswaal 1 Bathpolder solar project has a capacity of 10.81 MW, and the Reimerswaal 2 Krekragweg solar project has a capacity of 22.48 MW. Both projects are located in Rilland, Zeeland province, and are currently under construction.

Goldbeck Solar will be the acting project developer for these two projects. The total investment amount for the two projects is €26 million (~$28.47 million), half of which is financed by Triodos Bank.

“We are pleased to announce that we have successfully completed financing for these solar farms. The partnership with Triodos Bank underlines our shared commitment to promoting clean energy to drive a greener future and make a significant contribution to the energy transition in the Netherlands,” explains Olga Kovalchuk, Head of Finance and Investment at Goldbeck Solar Investment.

Goldbeck Solar operates in twelve countries and has a project development portfolio of over 4 GW and a project portfolio of completed assets of over 500 MW.

According to Mercom’s 9M and Q3 2023, Solar Funding and M&A Report announced large-scale project funding in the first nine months of 2023 came to $27.5 billion in 169 project funding deals, a 20% increase compared to $22.9 billion in 128 projects in 9M 2022.

Opdenergy, an independent renewable energy producer, closed a $252 million project financing package for two solar projects in the U.S. The first solar project, “Blake,” located in Jefferson County, West Virginia, has an installed capacity of 100 MW. The second solar project, “Elizabeth,” located in Allen Parish, Louisiana, has an installed capacity of 160 MW.