LONDON, 17 October 2022
Macquarie Asset Management, on behalf of its institutional clients and managed funds including the Macquarie Green Energy Debt Fund, has provided €100 million of debt financing to Green Bidco SpA, the controlling company of Falck Renewables SpA Group (Falck Renewables).
Falck Renewables is a developer, owner, and operator of renewable energy plants in Europe and the US, with an existing portfolio comprised of 62 wind, solar, waste-to-energy, biomass, and energy storage projects representing 1,420 MW of combined capacity.1 Falck Renewables estimates that the portfolio avoids approximately 550,000 tCO2e in greenhouse gas emissions per annum – equivalent to powering more than 814,000 UK households with clean energy.2 These outcomes align with the net zero ambitions of the jurisdictions Falck Renewables operates within.
Macquarie Asset Management conducted enhanced due diligence to ensure the portfolio’s performance across environmental, social, and governance factors aligned with the expectations of Macquarie Asset Management’s investors.
Alice Pulbrook, a Senior Vice President at Macquarie Asset Management, said “With the energy transition front of mind for investors, we are very pleased to provide this financing. The investment represents a valuable opportunity for our clients to back the continued development of more sustainable, low-carbon energy solutions and technologies.”
Macquarie Asset Management’s private credit offering spans solutions for clients across infrastructure, real estate, and structured credit, with $US11.4 billion of assets under management3. This announcement follows a suite of recent activity by the team across the renewable energy sector, including a £275 million refinancing of a UK solar power portfolio owned by Vantage Solar UK, and a €43 million debt investment in a Spanish concentrated solar power plant owned by Q-Energy.
1As at 31 August 2022
2Analysis by Macquarie Asset Management’s Green Investment Group’s (GIG’s) Green Analytics team. GIG’s Green Impact Reporting Criteria, which details how we attribute the Green Impact of our investments, can be accessed on GIG’s website
3As at June 2022
Macquarie Asset Management
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