Infranity, I Squared Capital, and Rivage Investment have granted a €410m debt finance facility to MaxSolar for the development of solar and energy storage projects in Germany.
The amount is formed by an initial committed tranche of €165m and a second tranche of €245m.
In the next five years, MaxSolar plans to install 2GW of photovoltaic (PV) plants and co-located energy storage sites in the country. For now, the company has a project pipeline of approximately 6.5GW, which includes a 125MW solar park in Bavaria.
