With general counsel Edward Keller (pictured) at the helm of it’s legal department, Alpha Blue Ocean (ABO), a prominent multi-family office known for its prominent position in alternative finance on a global scale, has entered into a strategic financing agreement worth €20 million with Energía, Innovación y Desarrollo Fotovoltaico (EiDF) Solar. This financing pact solidifies EiDF Solar’s financial foundation, empowering the company to meet its current financial requirements while enhancing its overall financial structure. The harmonious blend of debt and equity ensures EiDF Solar’s long-term sustainability, facilitating sustainable growth and bolstering its project pipeline.
Established in 2017, Alpha Blue Ocean has emerged as a trailblazer in the realm of alternative finance within Europe. Over the past six years, the group, co-founded by Pierre Vannineuse and Hugo Pingray, has engaged in financing agreements with a cumulative deal value exceeding $2 billion. This remarkable feat encompasses more than 110 transactions spanning fifteen different jurisdictions.
EiDF Solar, on the other hand, stands as a key player in the renewable energy sector. The company specializes in the deployment of solar panels tailored for industrial self-consumption. Rooted in a deep commitment to environmental sustainability, EiDF Solar is dedicated to furnishing clean and dependable energy sources that will illuminate a greener and more eco-conscious future.
This collaboration between ABO and EiDF Solar underscores ABO’s commitment to supporting innovative and sustainable energy solutions, ensuring a brighter and more environmentally responsible future.
Fernando Romero Martinez, CEO at EIDF: “EIDF Solar is committed to delivering on our developments in each of our business units and ABO’s contribution to this commitment is important in the medium and long term for the company”
Hugo Pingray, Co-Chief Investment Officer at ABO : “Renewable energy continues to create value in the current macroeconomic context. It is the ideal time to deploy our capital. We firmly believe in management’s ability to create long-term shareholder value.”
Peter Harrison, Senior Investment Associate at ABO : “We are pleased to support Spain’s top provider of self-consumption photovoltaic installations for businesses. With this financing we support the growth of EiDF, which continues to add projects to its pipeline”