EIF to invest EUR50mn in Everwood Renewables Europe V
The European Investment Fund (EIF), part of the European Investment Bank Group (EIB), has closed a commitment to invest EUR50 million (US$56.5 million) in Everwood Renewables Europe V FCR.
Based in Spain, the Fund is managed by Everwood Capital and is devoted to investing in renewable assets in Southern Europe. Everwood Fund V will invest in developing, constructing, and operating a portfolio of new renewable projects, primarily photovoltaic assets. Everwood Fund V is also classified under Art. 9 of the Sustainable Finance Disclosure Regulation (SFDR). This implies that the investments under the Fund will contribute to reducing CO2 emissions and will be aligned to the EU Taxonomy.
Everwood Fund V has already closed the acquisition of a 1 GW portfolio in Spain comprising about 20 projects, which are currently under development and expected to be fully operational by 2024. With EIF’s commitment, Everwood Fund V reaches about EUR250 million (US$282.5 million) closed commitments and is confident to reach its EUR500 million (US$565 million) target in 2022.
Country updates
-
-
December 23, 2021
The 1.32 GW world's biggest offshore wind farm in UK produces first power
Ørsted announced that the 1.32 GW Hornsea 2 wind project, located 89 km off the UK's east coast has generated the first power.
Read more -
December 23, 2021
Sembcorp plans 360 MW energy storage project at Wilton International on Teesside
Sembcorp Industries (Sembcorp), through its wholly-owned subsidiary Sembcorp Energy UK (SEUK), plans to build Europe’s largest battery energy storage system with a generating capacity of 360 MW....
Read more -
December 22, 2021
SSE secures marine license for 1.5 GW Seagreen 1A wind farm in Firth of Forth
The Seagreen 1A wind farm in Firth of Forth has secured Marine Licence by the Scottish Government. The licence covers the offshore parts of the project, including an export cable approximate...
Read more -
December 21, 2021
Construction starts for 49.96 MWp solar PV plant in Spain
Lightsource bp has started construction of the 49.96 MWp Torrubia solar photovoltaic (PV) project, located in La Muela, municipality of Zaragoza, Spain. With a total installed capacity of 49.96 MWp,...
Read more -
December 21, 2021
Ellomay receives EUR175 mn refinancing for 300 MW Talasol solar project in Talavan
Talasol Solar SL, in which Ellomay holds a 51% stake has announced that it has signed an agreement with European institutional lenders to refinance its majority-owned 300-MW Talasol solar farm in Spai...
Read more
