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Jan 2023
Powerfield logo
Sole Financial Adviser
circa € 500 million
Structured Equity and Senior Debt Financing

PowerField Netherlands

Sole Financial Adviser

Van Lanschot Kempen is pleased to announce it acted as Sole Financial Adviser to PowerField Netherlands B.V. in raising circa €500 million through debt and equity financing. 

Transaction Highlights

  • PowerField is a developer and operator focused on solar parks, battery storage and EV charging infrastructure
  • PowerField will use the funds to continue building an integrated platform where solar parks, EV charging stations and batteries work together in a complementary manner to contribute to a more sustainable and habitable world
  • The capital is split between structured equity and portfolio financing, enabling PowerField to add significant scale and realise its sustainability ambitions
  • The structured equity is provided by EIG and enables PowerField to finance its pipeline with solar parks, battery projects and EV charging stations
  • The portfolio financing provided by LBBW has a non-recourse structure and consists of a common terms agreement designed to finance 500 MWp of solar plants within the next few years. Financial close has taken place for the first 120 MWp and in addition there is an accordion facility with pre-agreed terms for future solar projects
  • Van Lanschot Kempen managed an integrated process whereby equity and debt were arranged in parallel

Company Description

PowerField is a leading solar park developer that is expanding towards becoming an independent power producer. The company has built a robust and actionable pipeline across its three verticals consisting of 2 Gigawatt in solar projects, 15,000 EV charging stations and over 400 MWh in battery storage projects. The majority of its assets are located in the Netherlands, though the company is expanding into multiple European countries.

Today, PowerField has almost 300 MWp of operational and ready-to-build solar projects in the Netherlands and where possible PowerField will install co-located batteries to ensure optimal use of the grid capacity in congested areas. This solution allows the excess energy produced by a solar park to be stored in a battery to address the capacity challenges of the Dutch electricity grid. In addition to the solar and battery business, PowerField is a strong emerging player in the EV (fast) charging industry through its subsidiary PowerGo, with over 650 charging stations operational and a portfolio of strong contracts and leads in the Netherlands and throughout Europe.

Van Lanschot Kempen Infrastructure & Renewables and Debt Advisory credentials

  • This is another important transaction for Van Lanschot Kempen’s Infrastructure & Renewables and Debt Advisory franchises and we continue to support our clients active in the space
  • This transaction underpins our expertise in the renewables space as well as our capabilities to execute complex transactions
  • The debt and equity processes have been completely streamlined and optimised to support and complement each other in order to achieve the best capital structure available to support PowerField’s growth

Please do not hesitate to contact us if you have further questions

Dick Boer Van Lanschot Kempen

Dick Boer

Co-head of Investment Banking

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