Global law firm Ashurst has advised Eiffel Investment Group and Arkéa Asset Management as lenders on a holding company financing facility of up to €185 million for Svea Solar Utility, an independent renewable energy platform focused on solar PV and energy storage assets in Sweden.
The financing will support the continued expansion of Svea Solar Utility's renewable energy platform, funding the development, construction, and operation of utility-scale solar PV and storage assets in Sweden. Svea Solar Utility currently has 220 MW of solar PV capacity in operation and under construction, including Sweden's largest solar PV park, a 120 MW project on track to be completed by the end of this year.
The Ashurst team was led by infrastructure finance partner Laura Ho, supported by senior associate Kavisha Bilimoria and associate Parmeet Sandhu.
Laura commented, "This financing is a great example of the type of complex Holdco construction equity financing structures our team regularly delivers for lenders across the energy transition. We are pleased to have advised Eiffel Investment Group and Arkéa Asset Management on this significant financing, reflecting the strong institutional appetite for renewable energy platforms in Europe."
