Nordic Solar A/S (“Nordic Solar”) has entered into an agreement with EIG Partners (“EIG”) raising DKK 2.2 billion (EUR 300 million) in flexible capital (profit participation loan). Nordic Solar will use the proceeds to finance the construction of their pipeline of solar park projects in Europe (EUR 200 million) and to acquire new project rights to grow the company’s pipeline further (EUR 100 million). Carnegie acted as exclusive financial adviser to Nordic Solar in connection with the transaction.
Nordic Solar in brief
Nordic Solar is a leading Danish-owned energy company established in 2010 and headquartered in Copenhagen, Denmark. Nordic Solar develops, constructs and operates solar parks across Europe with presence in 11 countries while the company also increasingly focusses on divesting its operational solar park portfolios in full or in part. Today, Nordic Solar has 359 MWP in operation and around 1,800 MWp in signed pipeline.
EIG Partners in brief
EIG Partners with headquarters in Washington, D.C., USA, and also known as EIG Global Energy Partners, is a leading institutional investor in the energy sector. The firm specialises in private investments in energy and infrastructure assets globally. EIG focusses on providing capital solutions to energy companies and projects across various sectors such as oil and gas, renewable energy, midstream, and power generation. EIG was established in 1982, has more than USD 44bn in committed capital and is active in more than 40 countries across 6 continents.