Renewable Power Capital (RPC) has closed a long-term €555 million financing of its 553 MW onshore wind portfolio in Sweden.
This long-term facility, which is one of the largest in Europe for a greenfield onshore wind portfolio, was provided by a suite of experienced lenders. CIBC, Danske Bank, Export Development Canada, NatWest, and NordLB were the Mandated Lead Arrangers, with Apex acting as the Facility and Security Agent.
The deal marks RPC’s first long-term facility that covers both the construction and operation of a portfolio and another positive step forward for RPC’s flagship Swedish onshore wind cluster.
This portfolio comprises four wind farms in the Kramfors and Sollefteå municipalities, all of which are currently being constructed. Once completed, the projects will together provide green power to the equivalent of 182 000 households.
Last month, RPC announced…
