Eiffel Raises US$1.40 Billion For New European Energy Transition Fund

Eiffel Investment Group has closed its latest energy transition debt fund, Eiffel Energy Transition III, at USD 1.40 billion, exceeding its initial target and hitting its hard cap, with ambitions to deploy up to USD 3 billion overall through recycling mechanisms, drawing commitments from over 30 institutional investors—including repeat backers from prior funds—and underscoring Europe's intensifying push for energy independence via swift, green infrastructure investments. Targeting flexible, short-term debt solutions for renewable energy projects, the fund primarily addresses construction financing gaps between equity commitments and long-term project loans, mitigating delays from permitting hurdles and grid bottlenecks while meeting surging capital demands for renewables, grid enhancements, and sovereignty.

Its portfolio spans diverse low-carbon technologies such as solar, wind, biomass, biogas, hydro, cogeneration, and energy efficiency initiatives across Europe, leveraging Eiffel's extensive experience in financing more than 5,000 assets that have unlocked over 15 GW of capacity—enough to power nearly 10 million households. With over a third of the capital already deployed and a robust USD 1.63 billion pipeline from sifting through USD 7.6 billion in 2024-2025 opportunities, the fund promises to expedite project timelines, bolster developers' access to agile funding in volatile markets, and advance national renewable goals by offering investors secure, collateralized, short-duration options with reliable returns and minimal lockups.