Italian renewable energy developer GreenGo has secured equity bridge financing of up to €15m from Eiffel Essentiel, the private equity fund of Eiffel Investment Group.
The financing will be used to develop a 40MW portfolio ready-to-build projects and the potential acquisitions of other renewables companies. It will also fund the expansion and consequent increase of GreenGo’s power capacity from 1.7GW to more than 2.3GW by the end of 2024 across Northern Italy. The WFW Italy Energy team that advised GreenGo was led by Italy Head Eugenio Tranchino and Counsel Matteo Trabacchin, supported by Associate Dario Matrecano on finance matters and Associates Giovanni Benedetto and Sonia Basso on the corporate aspects on the transaction. Eiffel was assisted by Squire Patton Boggs.
Credits: renews.biz [Image: GreenGo Energy]
