RGreen Invest to finance PV plant's construction in Bulgaria via 15 mln euro bond

RGreen Invest, a French management company representing a fund for green energy projects, will finance the construction of a photovoltaic (PV) plant near the town of Razlog, Bulgaria, via a 15 million euro ($17.1 million) bond, the legal advisor to the bond issuer said.

"The transaction enables RGreen Invest to further expand its footprint throughout Europe, following the company's strategy of providing long-term support for developers of renewable energy projects," Austrian law firm Schoenherr said in a statement on Monday.

RGreen Invest is a member of the Renalfa group, a leading Bulgarian clean energy and e-mobility provider with a focus on renewable energy generation assets, the statement reads.

Paris-headquartered RGreen, founded in 2010, is an independent asset management company providing a channel for institutional investors to direct their capital towards financing projects contributing to the energy transition. The company has 3.3 GW of assets under management and more than 1,500 projects supported in Europe, information published on its website showed.

($ = 0.8755 euro)

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