Carnegie acted as sole financial adviser in Better Energy’s issue of a EUR 80 million flexible credit facility from Proventus Capital Partners. Better Energy develops, finances, constructs and operates solar farms. The primary sources of income are the divestments of solar projects and also the sale of electrical power from partly owned operational solar farms. Another revenue stream derives from asset management of solar farms for investors.
The credit facility will enable Better Energy to scale up operations and drive a green transition in target markets. Specifically, the credit facility will finance costs associated with the construction of Better Energy’s large portfolio of solar parks, amounting to over 1 GW in the coming years. See company press release for more information.