Rebel Deutschland hat dies direkt geteilt
𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗹𝗼𝘀𝗲 𝗿𝗲𝗮𝗰𝗵𝗲𝗱 𝗳𝗼𝗿 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗕𝗹𝗲𝗶𝘀𝘄𝗶𝗷𝗸, 𝗮 𝗹𝗮𝗻𝗱𝗺𝗮𝗿𝗸 𝗴𝗲𝗼𝘁𝗵𝗲𝗿𝗺𝗮𝗹 𝗵𝗲𝗮𝘁 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗗𝘂𝘁𝗰𝗵 𝗴𝗿𝗲𝗲𝗻𝗵𝗼𝘂𝘀𝗲 𝘀𝗲𝗰𝘁𝗼𝗿 Financial close has been achieved for Project Bleiswijk: a 36 MWth geothermal project and associated heat distribution network in Bleiswijk, developed by 85 Degrees Renewable together with Gaia Energy. The EUR 82 million senior debt facility is the first tranche within a EUR 200 million financing framework provided by ING Nederland and Rabobank on a 50/50 club basis. The project consists of three geothermal doublets and a heat network that will supply 34 greenhouse growers in the Central Oostland region with reliable renewable baseload heat, replacing a significant part of their natural gas consumption. Beyond Bleiswijk, the framework has been set up to accommodate the further build-out of the platform as new projects reach maturity. Rebel is proud to have supported 85 Degrees Renewable as financial advisor, from the early structuring of the framework through the financing process and the negotiation of the finance documentation. Geothermal asks more of lenders than most renewable asset classes, technical risk in particular. Therefore, getting a geothermal platform financed on a long-term project finance basis is not a given, but this transaction shows that well-developed geothermal heat infrastructure has grown into a bankable asset class in its own right. Congratulations to the teams at 85 Degrees Renewable, Gaia Energy and Foresight Group on this milestone, and many thanks to ING Nederland and Rabobank and to the other advisers involved (Stek, CMS, Sproule ERCE, QGM, VHIVA, Gridlines) for the constructive collaboration throughout. The Rebel deal team consisted of Auke Zijlstra and Tim Overgaauw. Read more here: https://lnkd.in/esbY4BFH