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RPC secures €555m financing for 553MW in Sweden

RICHARD HEAP

May 22, 2024

Renewable Power Capital has signed a €555m funding deal to support construction and operation of a 553MW portfolio of greenfield onshore wind projects in Sweden.

The developer has secured the funding package from lenders including mandated lead arrangers CIBC, Danske Bank, Export Development Canada, NatWest, and Nord LB. Augusta & Co. advised RPC on the deal.

Sylvain Delion, Managing Director – Head of Investment and Structured Finance at RPC, said this was RPC’s “largest investment to date”.

He said: “This portfolio is RPC’s largest investment to date, so we’re thrilled to be taking a crucial step towards operation. Closing a long-term financing for our flagship onshore wind portfolio in Sweden is another major milestone in our investment and operating strategy, supporting RPC’s approach to obtain long-term stable risk adjusted returns.”

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