Irish solar firm Power Capital lands €240m funding through European Investment Bank deal
Eamon Ryan, the Minister for the Environment and Climate, said the deal was a “vote of confidence for Irish renewables”
Power Capital Renewable Energy, an Irish solar farm developer, has secured up to €240 million in finance, with backers including the European Investment Bank.
The Dublin-based firm announced it has closed a construction equity facility, which will allow it to build solar projects across Ireland and possibly internationally.
The facility has an initial tranche of €100 million. Part of this will be used to build assets benefiting from Power Purchase Agreements (PPAs) with Microsoft and ...