France-based Sienna Investment Managers provided € 36 million (~ $ 42.86 million) in mezzanine financing to support two portfolios of large-scale solar projects in Germany. The transaction covers 23 solar assets with a combined capacity of about 421 MW across eight federal states. The funding supports capital costs for projects that are operational, under construction, or ready to build, with revenues backed by Germany’s EEG tariff framework. Capcora acted as financial adviser to the sponsor in the cross-border transaction. The financing was arranged through Sienna IM’s private credit platform. Legal advisers included Simmons & Simmons for the sponsor and Bird & Bird for Sienna IM. The structure provides refinancing support and growth capital for the mixed-stage solar portfolios.

  

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