Macquarie Asset Management, via its managed funds, has provided a €51 million second lien financing as sole lender to an onshore wind platform located in Finland.
The eight operational onshore wind farms with total capacity of 218 MW are located across Central-South Finland. They are owned by funds managed by Taaleri Energia, a Helsinki-based renewable energy fund manager. Taaleri Energia manages five private equity funds, which together hold a 9.1 GW portfolio of wind, solar and battery assets in Europe and the US.
The €51 million financing will support the onshore wind platform to partly refinance its existing debt, with highly bespoke terms structured to provide flexibility.
Chantal Zhu, Senior Vice President at Macquarie Asset Management, said: "As Finland transitions to a carbon-neutral society, onshore wind will play a considerable role to help facilitate this commitment. We are delighted to provide a bilateral tailor-made financing to this onshore wind platform, which we believe is well-positioned to navigate the evolving Nordic power market environment."
Macquarie Asset Management's Credit & Insurance division is a global credit platform with approximately €200 billion assets under management1. The platform offers focused expertise and solutions across the liquidity, risk and return spectrums, and has approximately €35 billion of private credit assets under management. Since 2014, Macquarie Asset Management's Credit & Insurance division, via its managed funds, has provided €4.2 billion in debt financing to the renewable energy sector. In February, Macquarie Asset Management, on behalf of managed funds, provided €97 million in financing to Greenalia Power Spain, an independent power producer focused exclusively on renewable energy.
