HoldCo Financing

Novar has secured a EUR 160 million HoldCo financing to fund the development of new renewable energy projects. In addition to the initial amount of EUR 160 million, the loan agreement allows for an incremental "accordion" facility of up to EUR 100 million, leading to a total facility of up to EUR 260 million. The transaction marks an important milestone in further advancing Novar’s platform and long-term growth strategy.

Copenhagen Infrastructure Partners (“CIP”), through its Green Credit Funds, acted as sole lender for the financing.

Voltiq acted as Financial Advisor to Novar.