Real Estate | Sustainable Energy | Infrastructure Finance | @LBBW’s Post

The European Investment Bank (EIB) and BNZ have signed a €166 million loan agreement to help with the roll-out of 17 solar PV plants across Spain, Italy, and Portugal. BNZ, an Independent Power Producer (IPP) owned by Nuveen Infrastructure (Glennmont Partners from Nuveen), secured the first tranche of a €500 million loan approved by the EIB to support the company in deploying 1.7 GW of solar photovoltaic power in southern Europe by 2026. “The new phase marked by the closing of our financing demonstrates the solidity of our business and the ambitious nature of our plans and opens a new scenario for us to explore technological and geographical diversity, and to grow in volume and team headcount, with the aim of becoming one of the largest IPPs in the market,” said Luis Selva, BNZ Managing Director. “We want to continue building a cleaner and more sustainable future, and the support from such significant financial institutions such as the EIB shows a shared long-term vision to achieve a better world.” Francesco Cacciabue, CFA, Global Head of Clean Energy Investments at Nuveen Infrastructure, added: “This significant investment marks a pivotal step towards advancing sustainable energy infrastructure in Southern Europe. This initiative will significantly contribute to the renewable energy goals of Spain, Italy and Portugal and the broader European Union’s climate objectives.” The 17 new solar plants will generate enough clean energy to power over 390,000 households per annum. “This new investment is a clear example of how the EIB is fostering the energy transition, contributing to a more sustainable energy model, and leveraging the great potential of southern European countries for renewable energy,” noted Alessandro Izzo, EIB Director of Equity, Growth Capital and Project Finance. “The project will boost energy supply security and contribute to the strategic autonomy of Europe by reducing dependency from fossil fuel imports.” #cleanenergy

🔌 Panel Discussion: Is the Addressable PPA Market Keeping Up with Government Ambition? ⚡ At Large Scale Solar Central & Eastern Europe Summit, hear from top industry experts as they examine whether the Power Purchase Agreement (PPA) market is keeping pace with ambitious government renewable energy goals. This insightful discussion will explore the opportunities, barriers, and strategies for navigating the evolving PPA landscape. 📅 Day 1 | 14:30 📍 Featuring Speakers: Nikola Gazdov, Chairman, APSTE - Association for Production, Storage and Trading of Electricity Severin Vartigov, Chief Commercial Officer & Country Manager, Enery Jaime Vazquez, PPA Director, Econergy Renewables 1 S.p.A. Paweł Olkowicz, VP Project Finance, Sonnedix Jakub Kupcu, Country Director & Head of Origination, CLARITAS Investments Małgorzata Lipowska, Director, Structured Finance Department, BNP Paribas Bank Polska 👉 Don’t miss this critical session: bit.ly/4g3XXWN #PPAMarket #LSSCEE #RenewableEnergy #SolarPower #EasternEurope #Sustainability

DBS is proud to be the Financial Advisor to Metis Energy’s 111MW Gunsynd Solar Farm in Goondiwindi, Queensland, Australia, which has successfully achieved Financial Close. The solar farm will be capable of producing up to 250 gigawatt hours of energy annually, which is equivalent to abating approximately 150,000 tonnes of CO2 emissions and powering up to 32,000 households in Queensland annually. Kelvin Wong, Head of Energy, Renewables and Infrastructure, DBS, said: "Enabling the energy transition across Asia Pacific is a business opportunity and risk management imperative for DBS. By working with like-minded partners like Metis and leveraging our deep expertise in financing international projects and connectivity across the region, we believe we can contribute meaningfully in tackling climate change. We are pleased and honoured to support Metis as sole financial advisor on its maiden renewable energy investment in Australia. This landmark deal showcases DBS’ deep expertise and market leadership in driving the transition to a low-carbon economy across the region.” Find out more on how we enable Asia Pacific’s energy transition at go.dbs.com/ProjectFinance #LeadingwithDBS #DifferentKindofBank #RenewableEnergy #Renewables #ProjectFinance #SustainableFinance #Sustainability #netzero

How can dealmakers deliver deals focused on #decarbonisation and #digital #infrastructure in 2024? Our just launched Australian M&A Outlook: Infrastructure Insights covers everything you need to know – from market insights for the year ahead, to key #investment opportunities and next steps for #dealmakers. Learn more here:  https://pwc.to/4bbtkLJ Outside of the evolving discourse on how we get to #NetZero, I am excited about how the core-plus infrastructure market continues to be redefined with greater competition expected in this space. #PwCDealsAU #Deals #MergersandAcquisitions #TransacttoTransform #ValueCreation #EnergyTransition #Renewables #DigitalInfrastructure #CapacityInvestmentScheme #CorePlusInfrastructure #TransactionDiligence #Advisory #Deals #FinancialDueDiligence #DealsTax #carveouts #DealsStrategy #Strategy #Utilities #Energy

BrightNight, a NYC-based renewable power producer led by Chairman and CEO Martin Hermann, has raised $440 million in strategic equity investment from Goldman Sachs Alternatives. This funding will fully finance BrightNight’s five-year business plan and advance its 31-gigawatt renewable power project portfolio, which includes solar and energy storage solutions. The company also increased its corporate credit facility from $375 million to $400 million, structured as a Green Loan to support its U.S. projects. BrightNight utilizes its AI platform, PowerAlpha®, to optimize renewable project design and operation, providing clean, dispatchable power solutions to customers across the U.S. Current investors include Global Infrastructure Partners and CPP Investments-backed Cordelio Power. Learn More: https://lnkd.in/gwg2P3u2 INVESTORS: Goldman Sachs Alternatives, Global Infrastructure Partners & CPP Investments AMOUNT: $440,000,000 HQ: #NewYorkCity #VentureCapital #MartinHermann #GoldmanSachsAlternatives #GlobalInfrastructurePartners #CPPInvestments #TradedVC

📢 We have advised VALOREM, a leading independent renewable energy operator, as well as its founders and its reference shareholder 3i Infrastructure plc, on a 550M€ deal to accelerate its growth and development VALOREM, received a firm offer for (i) the sale by 3i Infrastructure plc of its entire stake of c.33% in VALOREM to AIP Management for approximately 309M€, and (ii) a fundraising by VALOREM of approximately 200M€ from a consortium composed of @AIP Management and IDIA Capital Investissement. The Clifford Chance team worked on this deal consisting of Benjamin de Blegiers and Gilles Lebreton, partners, Benjamin Saada, senior associate, and Marie Silvain, associate, on the corporate / M&A aspects, Florence Aubonnet, partner, and Clémentine Marçais, associate, on the employment aspects, as well as Quentin Hervé, senior associate, on the financing aspects. Read more: https://okt.to/uzSwiD #PrivateEquity #Infrastructure #RenewableEnergy #EnergyTransition

DNB Markets acted as sole sell-side financial advisor for Arise AB, one of Sweden's leading renewable energy developers, in their divestment of Pajkölen, a 40 MW ready-to-build battery energy storage system (“BESS”) in Sweden to Flower Infrastructure Technologies, a Swedish grid-scale BESS developer with the ambition to become a leading European player.   This transaction marks Arise AB’s first divestment in the rapidly growing BESS sector, which will be of importance in order to further stabilize the Nordic energy system that is increasingly dependent on renewable energy.   For further information, please see Arise’s press release: https://lnkd.in/dKf85-KC   DNB Markets would like to thank Arise for the vote of confidence and congratulate Arise and Flower on a successful transaction. #renewableenergy #sustainability #energy #investmentbanking DNB Sverige and DNB

☀️ We have advised Norges Bank Investment Management on the purchase of 49% of a 644 MW portfolio from Iberdrola, consisting of photovoltaic plants located in #Spain. The portfolio comprises two photovoltaic projects with a total installed capacity of 644 MW, equivalent to the annual electricity consumption of 400,000 Spanish households. One of the projects is currently in operation, while the second is in the development phase and is expected to come online in 2025. Norges Bank Investment Management will acquire 49% of this project when it begins operating. This alliance represents a joint investment up to 2,000 million euros, with approximately 2,500 MW of renewable energy in Spain and Portugal currently under development, reflecting the commitment of both companies to accelerating de-carbonisation on the Iberian Peninsula. Read more: https://okt.to/GMyWQn Our team: Luis Alonso, Javier Hermosilla Rojo, Íñigo Navarrete, Jimena Garrote Díaz, Jose Luis Zamarro, Mónica Romero Martínez, Clara Ortells Sicilia, Paloma Gonzalez Muñoz and Julia Hernández Macazaga. Thanks to Norges Bank Investment Management for your trust! #Renewables #Investment

We are pleased to have achieved strong results in the Q3 2024 energy and infrastructure league tables by leading publications IJGlobal, Inframation (an Infralogic company) and inspiratia. We achieved: 🏆 11 first place Inframation rankings as well as 14 new rankings for Benelux, Middle East and Africa, Turkey and UK; 🏆 increased our rankings in ten categories with improvements for both infrastructure finance and project finance in the Global, Europe, Renewables and Transport categories in the IJGlobal tables; and 🏆 covered energy transition deals in Europe from Q1-3 2024 and maintained second place for deal count and third for deal value in the inspiratia rankings. Find out more about our rankings: https://lnkd.in/es7SrVNT #WFW #LegalRankings #EnergySector #Infrastructure

See you next week to discuss main barriers for storage in the region and how to break them. #EnergyStorageLatam ib vogt GmbH ib vogt LATAM #ESSLatAm2024