MaxSolar has secured a debt finance facility worth €410m from global institutional investors Infranity, I Squared Capital, and Rivage Investment.
The financing package includes an initial committed tranche of €165m, with an additional tranche of €245m to be added later, increasing the overall facility size.
This financing arrangement is expected to accelerate MaxSolar’s goal of becoming a significant independent renewable electricity producer.
The company plans to build 2GW of solar PV and co-located storage projects from its project pipeline, which currently stands at approximately 6.5GW, over the next five years.
The funds obtained from this facility, in conjunction with project-level senior financing, will be used to support capital investments in solar PV and co-located storage projects.
Additionally, the facility offers the flexibility to allocate capital towards opportunities for inorganic growth and project development expenses.
Furthermore, this financing will enable MaxSolar to expand its project development capabilities by recruiting new international and local talent across its five locations in Germany.
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