German IPP ILOS Projects Secures €500 Million Financing Facility From EIG
ILOS Projects (“ILOS”), a Pan-European Independent Power Producer (IPP) sponsored by Omnes, today announced the signing of a €500 million structured credit facility (the “Facility”) with EIG, a leading institutional investor in the global energy and infrastructure sectors.
- ILOS Projects (“ILOS”), a Pan-European Independent Power Producer (IPP) sponsored by Omnes, today announced the signing of a €500 million structured credit facility (the “Facility”) with EIG, a leading institutional investor in the global energy and infrastructure sectors.
- The Facility is expected to support ILOS’s plans to generate more than 2GW of power through solar and battery projects by 2026.
- The Facility comprises an initial tranche of €250 million and includes an accordion that would increase the loan amount by an additional €250 million.
- The Facility is intended to accelerate ILOS’s growth toward becoming a leading Pan-European IPP, with loan proceeds available to provide construction equity and acquisition capital for ready-to-build assets.