PHH has advised RGreen Invest on its EUR 50 million financing for the CCE Group to start construction of a 400-megawatt portfolio of photovoltaic projects. Dentons and Dumfarth Klausberger advised CCE.
CCE is an Austrian-German renewables company focusing on photovoltaics.
RGreen Invest is an independent investment management company specializing in the financing of energy transition infrastructure projects. The investment was made by the Infrabridge III fund and represented its closing.
"By 2030, we need to reach 42% renewable energy in the energy mix in Europe. Today we are at 22%," RGreen Invest Founder and CEO Nicolas Rochon commented. "It is therefore crucial to accelerate the financing of the energy transition. Debt is an attractive financing tool for project developers and entrepreneurs, which also enables us to deliver attractive performance to our investors."
The PHH team included Partner Wolfram Huber and Senior Associate Lisa Urbas.
