Goldbeck Solar, a solar project developer, secured €44 million (~$47.90 million) financing from Rgreen Invest, an investment firm for constructing four ground-mounted projects in Canada and Chile, totaling 93 MW.
The Canadian projects in Alberta have a capacity of 61 MW and 8 MW, respectively and are part of the joint venture between Goldbeck Solar and Pathfinder Clean Energy. The projects in Chile in the province of Bío-Bío each have a capacity of 12 MW. Capcora acted as the exclusive financial advisor for this transaction.
“We are very pleased about the cooperation with RGREEN INVEST,” said Olga Kovalchuk, Head of Finance and Investments at GOLDBECK SOLAR. “This collaboration underscores our commitment to advancing the transition to a sustainable ecosystem worldwide and will accelerate the realization of our first solar projects in Canada and Chile.”
“This investment is proof of our trust in experienced global players like GOLDBECK SOLAR, who offer innovative solar solutions worldwide,” adds Mathilde Ketoff, Head of Debt Investments at RGREEN INVEST. “While our primary focus is on funding European projects, our mandate allows us to expand into new countries through strategic partnerships. Our goal is to contribute to a sustainable future by harnessing the power of clean and reliable solar energy.”
According to Mercom’s Q1 2023 Solar Funding and M&A report, announced large-scale project funding came to $5.3 billion in 62 deals, a decrease of 46% compared to $9.8 billion in 52 deals in Q4 2022. Grenergy, a solar, wind, and storage independent power producer, secured $148 million in green financing for the Gran Teno and Tamango solar projects located in Chile, with a combined capacity of 300 MW.