European Investment Fund signs €150 million cornerstone commitment to White Summit Capital’s Decarbonisation Infrastructure Fund II

The European Investment Fund, with the support of the InvestEU programme, has signed a €150 million cornerstone commitment to the White Summit Capital Decarbonisation Infrastructure Fund II.

This represents the EIF’s largest commitment to an infrastructure manager to date and it reflects the significant contribution WDIF II is expected to make towards advancing the EIF’s and InvestEU’s objectives. These objectives include the transition to clean energy, climate change mitigation, and security of energy supply, among others.

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Rainergy has refinanced its c. 100MW Iberian Platform through a PPA from AXPO

Following the acquisition of the c. 100MW portfolio in December 2021, Rainergy has completed the refinancing of its outstanding debt through the issuance of an innovative five-year financing package.

Rainergy’s portfolio benefits from a strong geographic diversification, a long operating track record and a mix of regulated, merchant and contracted revenues under a five-year PPA signed with AXPO in January 2023. This, combined with the portfolio’s great potential for solar PV and wind hybridization, strongly mitigates the business’s volatility while providing extremely attractive risk-adjusted returns, which in turn led to considerable demand from financing institutions.

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