Pacifico and Triodos close €11.3 million senior financing for Dutch PV project
04 / 03 / 24
Pacifico Energy Partners is pleased to announce the closing of a senior financing of €11.3 million for the 14.1 MW Hernen solar PV project in the municipality of Wijchen, Netherlands. The project is currently in construction and first electricity production is expected at the end of 2021.
Triodos Groenfonds and Triodos Bank (together “Triodos”) will provide non-recourse senior debt financing and ancillary facilities to the project company as joint lenders. The 16-year tenor exceeds the 15-year SDE+ subsidy that the project had secured in 2019.
Jannik Hoffmann, CFO of Pacifico Energy Partners, said: “This financing with Triodos underlines Pacifico Energy Partner’s ability to secure best-in-class financing for renewable energy projects. We are delighted to have closed yet another transaction with this partner that shares our sustainability values and enables the delivery of new green electricity into the Dutch grid.”
Wesley Vedder, Relationship Manager at Triodos: “Triodos is proud to further extend the highly valued relationship with Pacifico Energy Partners by closing this additional financing. This transaction brings us one step closer to completing the Dutch transition to clean energy, one of the key areas in which we seek to create impact and in which there is much more to do.”
Pacifico Energy Partners GmbH is a renewable energy company for wind and solar energy. It develops greenfield projects, repowers existing plants, provides state-of-the-art asset management services and facilitates the acquisition of operational and turn-key plants.
Founded in 1980, Triodos Bank has become a front runner in sustainable banking globally. Triodos Bank is an independent bank that promotes responsible and transparent banking. It does not see any conflict between a focus on people and the planet and a good financial return. Instead, it believes that they reinforce each other in the long-term. Triodos Bank has banking activities in the Netherlands, Belgium, the UK, Spain and Germany as well as Investment Management activities based in the Netherlands but is active globally.