Investment bank Macquarie Asset Management has provided €100 million (US$98.5 million) of debt financing to Green Bidco, the parent company of solar developer Falck Renewables.
The main shareholder of Falck Renewables is selling its controlling stake in the solar and wind developer to an investor advised by JP Morgan Investment Management.
Solar developers including Falck Renewables and Qair are among the 30 founding members of a new coalition that aims to deliver green hydrogen at the same price as fossil fuel-produced H2 this decade.
Italian oil major Eni has bolstered its exposure to clean energy in the US after its Falck Renewables-led joint venture acquired project developer Building Energy US.
Milan-headquartered Falck to buy 70% stake of vehicle holding utility-scale scheme, which has secured grid connection and is now eyeing building permits.
