GreenVenture stands as a stronghold of expertise in the development of early-stage solar and wind energy projects.
At GreenVenture, we oversee all phases of our projects until the Commercial Operation Date (COD).
GreenVenture’s adaptive approach to project financing and fund generation is designed to meet the needs of our stakeholders.
Our all-encompassing management services cover Power Purchase Agreements (PPA), contracts with end-customers, and strategic positioning within the electricity market.
EUR 55.1m Financing for a 104.7 MWp Solar PV Portfolio in Portugal
Green Venture and Kommunalkredit, with the support of Marsh Risk & Capital (MR&K) as sole Financial Advisor to the Sponsor, are pleased to announce the successful financial closing of a EUR 55.1 million financing package for the construction and operation of a 104.7 MWp Solar PV portfolio which accounts for 22 SPVs (“Special Purpose Vehicles”) located across Portugal.
The financing structure includes a EUR 40.1 million Senior Bridge Facility (“Senior Facility”) and a EUR 15.0 million Subordinated Term Loan Facility (“Junior Facility”), both provided by Kommunalkredit as Sole Mandated Lead Arranger and Lender.
This transaction represents an important milestone for renewable energy deployment in Portugal. It was a complex process that required flexibility, resilience and real collaboration from everyone involved. The constructive mindset of all parties was essential in making this financing possible. We extend our appreciation to all advisors and teams involved for their commitment, professionalism and collaborative mindset, which were instrumental in reaching a successful closing.
"We are grateful for the flexibility and professionalism of the Kommunalkredit team, whose collaborative and constructive approach was essential throughout this process. We are also grateful to MR&K, our trusted advisors, for structuring a bespoke financing with Kommunalkredit and for their solid support, as well as to all advisors involved. This milestone represents a significant step toward the deployment of our financed pipeline and stands as a strong example of alignment and cooperation between all parties. We look forward to the possibility of working together again in the future."
Bruno Sousa, Investment Officer, Green Venture
"With this transaction, we continue to expand our footprint in the Iberian renewable energy market. Financing the 104.7 MWp solar PV portfolio in Portugal enhances essential clean-energy infrastructure and builds on our collaboration with innovative partners such as Green Venture. We view tailored structuring and prudent risk mitigation as essential to making innovative renewable projects bankable."
Halyna Yakovenko, Senior Transactor, Kommunalkredit
"It has been a privilege to advise on the structuring of such complex and highly granular financing backed by a relevant solar PV portfolio that Green Venture is developing in Portugal. We are delighted to be pioneer in developing and structuring the financial products that the industry needs to make feasible and bankable renewable energy projects. Many thanks to Kommunalkredit for their commitment and excellence – this exceptional outcome was only possible through genuine collaboration. Grateful to Green Venture for their vision and their trust on us."
Fernando García, Principal, MR&K
The principal advisors for the transaction were PLMJ (borrower legal), Morais Leitão (lender legal) and OCA Global (lender technical).
About Kommunalkredit
As an infra banking expert, Kommunalkredit specializes in financing and advising forward-looking infrastructure projects throughout Europe. It is thus strengthening Europe’s resilience, promoting economic growth and accelerating the green and industrial transition. With lending, advisory, asset management and public finance as its core business fields, the bank supports projects in the areas of energy & environment, communication & digitalization, transport and social infrastructure. Kommunalkredit’s tailored solutions support infrastructure and energy projects (I&E) as well as corporate and acquisition financing – throughout the entire project life cycle and along the capital structure. Founded in 1958, Kommunalkredit has enabled new infrastructure and energy financing with a volume of around EUR 10 billion since 2020 alone. The majority shareholder is European private equity firm Altor, which focuses on innovative companies and the green transition, and has raised more than EUR 12 billion since its inception.
Linkedin | www.kommunalkredit.at
About Green Venture
Green Venture is a Portuguese renewable energy investment and asset management firm specializing in the development, construction oversight, operational management, financing, and acquisition or sale of wind and solar assets. Founded in 2019, the company manages a diversified portfolio of operating projects and a continuously growing development pipeline across Europe and select global markets. With full life-cycle capabilities and a strong commitment to sustainability and performance, Green Venture supports projects that accelerate the energy transition.
Linkedin | www.green-venture.com
About Marsh Risk & Capital (MR&K)
MR&K is the corporate finance practice focused on debt&equity fundraising and advisory services with financial markets, specialized in the renewable energy and infrastructure sectors, structuring sophisticated and highly valuable solutions demanded by the industry.
Insights from Green Venture: The Significance of Exchange Rates
Ever wondered about the role exchange rates play in shaping the global economic landscape, especially within the renewable energy industry?
GreenVenture Explores Africa's Renewable Energy Potential
GreenVenture is excited to venture into Africa's renewable energy market! As Africa accounts for one-fifth of the global population, it's time to address investment gaps and drive sustainable development across the region.
