{"id":3893,"date":"2022-12-20T16:03:48","date_gmt":"2022-12-20T16:03:48","guid":{"rendered":"https:\/\/dev.pixflex.com\/eig2\/?p=3893"},"modified":"2024-01-09T18:04:03","modified_gmt":"2024-01-09T18:04:03","slug":"german-ipp-ilos-projects-secures-e500-million-financing-facility-from-eig","status":"publish","type":"post","link":"https:\/\/dev.pixflex.com\/eig2\/german-ipp-ilos-projects-secures-e500-million-financing-facility-from-eig\/","title":{"rendered":"German IPP ILOS Projects Secures \u20ac500 Million Financing Facility From EIG"},"content":{"rendered":"

London, UK \u2013 ILOS Projects (\u201cILOS\u201d), a Pan-European Independent Power Producer (IPP) sponsored by Omnes, today announced the signing of a \u20ac500 million structured credit facility (the \u201cFacility\u201d) with EIG, a leading institutional investor in the global energy and infrastructure sectors. The Facility is expected to support ILOS\u2019s plans to generate more than 2GW of power through solar and battery projects by 2026. The Facility comprises an initial tranche of \u20ac250 million and includes an accordion that would increase the loan amount by an additional \u20ac250 million. Additional financing terms were not disclosed.<\/p>\n

The Facility is intended to accelerate ILOS\u2019s growth toward becoming a leading Pan-European IPP, with loan proceeds available to provide construction equity and acquisition capital for ready-to-build assets. Initially, ILOS intends to focus on projects in Ireland, the UK, the Netherlands, Greece and Italy, but the Facility also contemplates the deployment of capital in other OECD jurisdictions as well as in co-located battery storage and hydrogen.<\/p>\n

Rob Johnson, Managing Director and Global Head of Direct Lending at EIG, said, “We\u2019re thrilled to support ILOS in these exciting growth initiatives as they work to expand their footprint across Europe. This transaction is a testament to our confidence in the management team, their strategy and ILOS\u2019s sponsors, and it underscores EIG\u2019s commitment to investing in high-quality assets and energy infrastructure that support a low-carbon future.\u201d<\/p>\n

Michael Pollan, Partner at Omnes, said, \u201cILOS has seen tremendous growth over the last two years. We are proud to continue supporting the company as it works toward this ambitious IPP project. We also look forward to partnering with EIG, a leader in the energy infrastructure sector that shares our common values and strategic view.\u201d<\/p>\n

Akereos Capital acted as sole bookrunner, structurer and exclusive debt advisor to ILOS. Allen & Overy served as legal advisor to ILOS and Milbank served as EIG\u2019s legal advisor.<\/p>\n

About EIG
\nEIG is a leading institutional investor in the global energy and infrastructure sectors with $23.1 billion under management as of September 30, 2022. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 40-year history, EIG has committed over $44.5 billion to the energy sector through 393 projects or companies in 42 countries on six continents. EIG\u2019s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG\u2019s website at www.eigpartners.com.<\/p>\n

About ILOS Projects
\nThe Omnes Venture ILOS Projects GmbH was established with a focus on PV development within Europe, with Omnes Capital providing development capital as well as construction financing. The ambition is to develop a significant pipeline and become an IPP that operates PV assets in the core markets of Europe. Website at www.ilos-energy.com<\/p>\n

About Omnes
\nOmnes is a leading private equity and infrastructure investor. With over \u20ac5 billion in assets under management, it provides companies with the capital they need to fund their growth, in three key areas: venture capital, growth & buyout capital and infrastructure. Omnes is committed to ESG factors and has founded the Omnes Foundation to fund initiatives in favour of children and young people. It is a signatory to the United Nations Principles for Responsible Investment (PRI). Website at www.omnescapital.com<\/p>\n

Press contacts<\/strong><\/p>\n\n\n\n\n\n\n\n
EIG<\/strong><\/td>\nILOS Projects<\/strong><\/td>\nOmnes Capital<\/strong><\/td>\n<\/tr>\n
FGS Global<\/td>\nThao Vo\u00a0<\/td>\nAur\u00e9lie Blanchard-Massoni<\/td>\n<\/tr>\n
Kelly Kimberly \/ Brandon Messina\u00a0<\/td>\nvo@ilos-energy.com<\/a><\/td>\naurelie.blanchard-massoni@omnescapital.com<\/a><\/td>\n<\/tr>\n
+1 212-687-8080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
EIG@fgsglobal.com<\/a><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

London, UK \u2013 ILOS Projects (\u201cILOS\u201d), a Pan-European Independent Power Producer (IPP) sponsored by Omnes, today announced the signing of a \u20ac500 million structured credit facility (the \u201cFacility\u201d) with EIG, a leading institutional investor in the global energy and infrastructure sectors. The Facility is expected to support ILOS\u2019s plans to generate more than 2GW of […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3893","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nGerman IPP ILOS Projects Secures \u20ac500 Million Financing Facility From EIG - EIG Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.pixflex.com\/eig2\/german-ipp-ilos-projects-secures-e500-million-financing-facility-from-eig\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German IPP ILOS Projects Secures \u20ac500 Million Financing Facility From EIG - EIG Partners\" \/>\n<meta property=\"og:description\" content=\"London, UK \u2013 ILOS Projects (\u201cILOS\u201d), a Pan-European Independent Power Producer (IPP) sponsored by Omnes, today announced the signing of a \u20ac500 million structured credit facility (the \u201cFacility\u201d) with EIG, a leading institutional investor in the global energy and infrastructure sectors. 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