GOLDBECK SOLAR secures €44m loan from RGREEN INVEST for 93 MWp in Canada and Chile

The Canadian projects, situated in Alberta, boast capacities of 61 MWp and 8 MWp respectively and form part of the joint venture between GOLDBECK SOLAR and Pathfinder Clean Energy. The projects in Chile, located in the Bío-Bío Province, have a capacity of 12 MWp each. The Chilean projects are expected to benefit from the Pequeños Medios de Generación Distribuida (PMGD) program, while the Canadian projects will initially operate on a “fully merchant” basis, allowing GOLDBECK SOLAR to capitalize on market dynamics.

Solar projects in Canada and Chile

“We are thrilled to partner with RGREEN INVEST, a prominent player in the renewable energy finance sector,” said Olga Kovalchuk, Head of Finance and Investment at GOLDBECK SOLAR. “This collaboration reinforces our commitment to driving the global transition to sustainable energy systems and will accelerate the realisation of our first solar projects in Canada and Chile.”
“This investment underscores our confidence in experienced global players such as GOLDBECK SOLAR to deliver innovative solar energy solutions across the globe,” added Mathilde Ketoff, Head of Debt Investment at RGREEN INVEST. “While our primary focus lies in funding European projects, our mandate enables us to expand into new countries through strategic partnerships. Our ultimate goal is to contribute to a sustainable future by harnessing the power of clean and dependable solar energy.”

Capcora, a leading financial advisory firm, acted as the exclusive financial advisor to GOLDBECK SOLAR in this landmark transaction. Their expertise and structured process were instrumental in securing this substantial financing package.

Pioneer work thanks to RGREEN INVEST

“This financing injection will propel GOLDBECK SOLAR’s pioneering efforts in Canada and Chile. When entering new markets, having access to competitive funding sources is crucial. We are delighted to have played a part in supporting this European conglomerate in financing projects across two different continents, facilitating their successful market entry,” commented Alexander Enrique Kuhn, Managing Partner at Capcora.

On the legal side the transaction was supported by CMS (cross-border) as well as from Dentons (Canada) and PPU (Chile).