DC Advisory advises REDEN on its €1.1bn pan-European refinancing platform

Background

• REDEN Solar is an international developer, owner, and operator of photovoltaic and energy storage projects with 1.1GW of installed capacity across France, Spain, Portugal, Italy, Mexico, Puerto Rico and Chile, of which 650MW is pan-European
• REDEN’s solutions include ground-mounted photovoltaic plants, agrivoltaics sites, greenhouses, photovoltaic car park rooftops, and energy storage in standalone and hybrid configurations
• REDEN is backed by a long-term, vision-driven consortium of leading global infrastructure investors comprising Macquarie Asset Management, BCI, and MEAG (the Consortium)
  

Process

• DC Advisory was mandated by REDEN and the Consortium as lead financial advisor for the refinancing of REDEN's pan-European portfolio, to optimize and consolidate the existing capital structure
• Leveraging its extensive experience in renewable energy and infrastructure financing, DC Advisory successfully led the refinancing workstreams across process management, financial modeling, coordination of due diligence, and documentation negotiation support
• DC Advisory ran a competitive financing process, engaging a diversified pool of lenders to secure an optimal financing outcome

Outcome

• The transaction closed in April 2026
• DC Advisory delivered a strong outcome to meet REDEN’s objectives, including:
  • The establishment of a new long-term steady-state multi-creditor financing platform, in line with REDEN’s sizable operational portfolio
  • A diversified lending group of more than 10 lenders
  • Competitive terms, including long‑term debt, extending REDEN’s debt maturity profile
  • Committed, undrawn facilities intended to support REDEN’s ongoing investment across its operational portfolio
  • A documentation package designed to provide flexibility and support REDEN’s long‑term business plan
• DC Advisory secured a flexible financing package with competitive terms, designed to support REDEN’s business plan and growth
• This transaction reinforces DC Advisory’s expertise in the renewables sector and further strengthens the firm’s experience in advising on complex refinancings