Blue Elephant Energy GmbH, a fast-growing renewable energy company, and Infranity, a leading specialist in infrastructure investments, announce that they have reached a funding agreement that will support the development and construction of 1 GW renewable energy capacity across Europe.
Acting as sole lender, Infranity has partnered with Blue Elephant Energy to provide €200 million in committed financing in the form of a Holdco construction facility, with an option to increase it by a further €200m. With this financing, Infranity continues to demonstrate its commitment to supporting the renewable energy sector, having already invested €2.4 billion in various renewable energy projects. This ongoing support is crucial for achieving long-term sustainability goals and addressing climate change.
The funding, directly structured by Infranity, will allow Blue Elephant to accelerate its development plans. Blue Elephant Energy is a leading European renewable energy company that has developed, acquired, and operated solar parks and onshore wind farms, along with storage solutions, since its formation in 2016. The company's portfolio, primarily located in Western and Central Europe, currently has a total capacity of 1,730 MWp.
The portfolio aligns with the European Union's Renewable Energy Strategy, which aims to increase installed renewable energy capacity to c.900 GW by 2025 and over 1,200 GW by 2030, as part of the broader REPowerEU plan to reduce dependence on fossil fuels and accelerate the transition to clean energy.
Garbińe Unda, Investment Director at Infranity: “Our partnership with Blue Elephant Energy represents a significant step forward in our commitment to fostering sustainable energy solutions across Europe. We are very pleased to support Blue Elephant in their next growth chapter and we believe that this collaboration underscores our belief in the transformative power of renewable energy and its crucial role in addressing climate change.”
Dorothee Klinkmann, Head of Corporate and Project Finance at Blue Elephant Energy: “This partnership with Infranity SAS, one of the leading global infrastructure debt investors, will not only enhance our capital structure but also help us unlock new opportunities for growth. We look forward to the continued momentum this financing will bring, positioning us to execute our growth strategy more effectively and deliver on our long-term goals.”
