Macquarie Asset Management has agreed to provide approximately €420 million in debt financing to Nadara, a major renewable independent power producer in Europe. This financing supports Nadara's extensive portfolio of over 200 wind, solar, biomass, and energy storage assets spread across Europe and the United States.
Nadara, which was formed in 2024 through the merger of Ventient Energy and Renantis, oversees about 4.3 gigawatts (GW) of installed capacity with an additional development pipeline of approximately 14 GW. The company reported that its global solar and wind assets helped avoid 1.5 million tonnes of CO2 equivalent greenhouse gas emissions in 2023.
The financing agreement represents an expansion of Macquarie's previous investment in Renantis from 2022, which amounted to €100 million. Alice Pulbrook, Senior Vice President at Macquarie Asset Management, commented on the development: "Since our initial investment in the business in 2022, it has been a pleasure to witness the growth of the company into a leading renewables IPP. We are delighted to continue to support Nadara as it delivers on its ambition to provide the energy solutions critical to creating a more sustainable energy system."
Macquarie Asset Management’s Credit division manages approximately €205 billion in assets globally, with around €35 billion dedicated to private credit assets. The private credit market is projected to grow significantly from US$1.7 trillion to US$2.8 trillion by 2028, with renewable energy investments expected to increase annually by seven percent.
Sources for this information include Nadara Management's calculations on avoided emissions and data from Macquarie Asset Management as well as industry reports such as Prequin: Future of Alternatives and Infrastructure Investor's global growth expectations.
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