This equity bridge solution is particularly relevant for renewable energy developers and independent power producers with large pipelines of new projects in development but without the capital to finance them all in parallel.Įquity bridge financing is also particularly relevant for merchant assets (i.e. Project development -i.e., securing the land, permits, environmental authorisations, grid connection, designing the project engineering and signing electricity offtake contracts- generally takes several years and is capital intensive. Ten years after structuring the first bridge financings for renewable energy assets, Eiffel is innovating again by introducing equity bridge financing for green infrastructure, a first in Europe.Įiffel Transition Infrastructure provides equity or quasi-equity to finance the development phase of renewable energy infrastructure assets. This contributes to the European ambition to accelerate the deployment of clean energy in Europe, as reinforced by the RePowerEU plan.Īn innovative equity bridge solution to accelerate the development of renewable energy projects It will enable renewable energy developers to accelerate development of assets.The new fund expects to complete two inaugural investments before the end of the year.The agreement is supported by InvestEU which brings together all EU financial tools to support investment by making project financing simpler, more efficient and more flexible.The fund is targeting up to €500 million. Several top tier European institutional investors including AG2R LA MONDIALE, Abeille Assurances, Allianz and l’Auxiliaire have joined the first close. The EIF is sponsoring the initiative committing €75 million to the new fund.The fund is managed by Eiffel, a Paris-based asset manager financing energy transition since 2009. On the occasion of COP27, Eiffel Investment Group (Eiffel) and the European Investment Fund (EIF) announce the launch of Eiffel Transition Infrastructure, an innovative fund designed to provide equity bridge financing for renewable energy infrastructure assets in Europe.

Eiffel bridges