Munich-headquartered MEAG has provided approximately €110 million (~ $129.04 million) in financing on behalf of Munich Re entities and third-party investors to ILOS for cluster of solar PV parks in County Tipperary, Ireland. The portfolio comprised of the Sheehy project with 61.8 MW, the Erkina project with 27.9 MW and the Monaincha project with 132.0 MW. Together, the three solar parks had a combined installed capacity of 222 MW. The portfolio included three utility-scale solar parks developed under a single financing structure. The bonds were rated investment grade and were to be fully issued once the PV plants commenced operations. MUFG acted as bridge facility lender for the transaction. TLT advised ILOS, while DLA Piper advised MUFG, MEAG, and the bondholders.