Eiffel Energy Transition debt fund closes at EURO 350 million

Eiffel Investment Group has announced the final closing of the Eiffel Energy Transition Fund, well above its initial target size of EURO 200 million.

The fund is launched in April 2017, and since then, it has been a great success since it has already deployed more than EURO 230 million (US$261 million) which made it possible to finance more than 500 projects, equivalent to nearly 300 MW of energy production capacity renewable.

For this new closing, Eiffel Investment Group has received the support of its investors but also new institutional investors attracted by the relevance of the fund to the challenge of accelerating investment in the transition Energy. The increased size of the fund will allow Eiffel Investment Group to new opportunities to better adapt to the financing needs of actors in the energy transition across Europe and to fill the gaps in the chain of financing for renewable energy and energy efficiency projects.

Since March 2017, the fund has already financed more than 500 projects representing the equivalent of nearly 300 MW of renewable energy production capacity, ie the electricity supply of nearly 350,000 homes. EURO 233 million was deployed, three-quarters in France and the rest in Europe, in all forms of green energy (solar, wind, biomass, hydropower, cogeneration, etc) and energy efficiency (CPE, EEC, storage, relamping, etc). 

The objective of the fund is to accelerate the energy transition by prefinancing a large number of projects. The extension of the size of the fund will help to capture the structural trends of the sector and respond to a broader range of financing needs.