RP Global secures €15m convertible bond facility for renewable projects

Austrian renewable energy producer RP Global has secured a €15 million convertible bond facility provided by Paris-based renewable energy fund Mirova - Eurofideme 3, to finance the construction of its 100MW portfolio of onshore wind and hydroelectric projects in Europe.

Mirova-Eurofideme 3 is managed by Mirova a Natixis Asset Management subsidiary.

The projects will be mainly located in France and RP Global will lead the construction and asset management of the portfolio.

RP Global Chief Financial Officer (CFO) Jorge Rodriguez said:

“The funds provided to us by Mirova make it possible to start construction in several of our new ‘ready to build’ projects and complete them. This allows us to widen our range of financial partners to join in our quest for a renewable energy fuelled Europe.”

Mirova head of renewable energy funds Raphaël Lance said:

“This new third investment of Mirova - Eurofideme 3 is coherent with our strategy to invest in power plants using mature technologies with stable and predictable cash flow to help generate competitive clean electricity.”