Eastern Europe | Renewable Energy | Solar

Current project opportunity The client has secured six sites across Hungary with a combined capacity totalling 55 MW. The targeted completion funding dates range from January 2024 through June 2024. The client is also developing a balancing centre facility with a total capacity of 70 MVA designed to be powered by diesel generators and potentially lithium-ion batteries. (Depending on the discussions with the potential co-investor, it is also possible to invest only in the battery part and spin-off the diesel engine part.) Funding requirement The client is looking for EUR20M of mezzanine financing towards development of their PV facilities. Additionally, client is raising EUR10M - EUR15M of mezzanine financing towards development of the balancing centre. Both transactions will be supported by a senior debt facility.