Paris, october 29th 2020 – RGREEN INVEST, a French management company specialising in investment and financing for infrastructure projects related to the energy transition and climate change adaptation, today announced the third closing of its INFRAGREEN IV fund. With its total amount increased to €480 million, the fund is close to achieving its target size of €500 million.

RGREEN INVEST aims to continue raising funds until the end of the subscription period (March 2021) to reach the hard cap (maximum regulatory amount) of €650 million. The goal is to provide further finance and support for various projects across Europe. To date, over €150 million from the INFRAGREEN IV fund has been invested in and committed to European – particularly French – infrastructure projects helping to cut CO2 emissions.

The renewed support of the European Investment Bank is a particularly valuable mark of trust during these uncertain times,” said RGREEN INVEST Founder and Managing Partner Nicolas Rochon. “Private investors – who still believe in the energy transition and climate change adaptation – need to see public institutions delivering on their commitments to make the environmental and climate transition a priority.

As the EU climate bank, we are very proud to support RGREEN INVEST, whose climate ambition is similar to our own,” added EIB Vice-President Ambroise Fayolle. “Our goal with this new commitment is to attract a number of European investors to develop innovative and sustainable infrastructure projects, thereby preparing for the future. We are supporting the future champions of the energy transition.” 

EIB renews its trust in RGREEN INVEST by investing €75 million in INFRAGREEN IV

The EIB (the EU bank) has invested €75 million in the INFRAGREEN IV fund. This investment is fully in line with the EIB’s key priorities supporting the transition to a low-carbon, environmentally friendly and climate-resilient economy. It is now the world’s largest multilateral lender for the energy transition.

The EIB already invested €50 million on the launch of the INFRAGREEN III fund, which closed for €307 million in December 2018, having exceeded its capital-raising targets.

INFRAGREEN IV, fund to support the development of renewable energy in Europe

INFRAGREEN IV, launched in December 2019, invests in equity and quasi-equity for infrastructure projects related to the energy and climate transition. These greenfield and brownfield projects are primarily located in the European Economic Area. The INFRAGREEN IV has the “Greenfin Label France Finance Verte” (Greenfin Green Finance France Label) certification.