Eurobank provides €144 million financing for Mirova's 156 MW PV portfolio in Greece

Eurobank has announced €144 million in non-recourse financing for a 156 MW photovoltaic (PV) portfolio in Greece, developed by Trifylli Iliaki S.M.S.A., a Greek subsidiary of Mirova. This financing is a critical step in bringing a substantial renewable energy asset to fruition, aligning with Mirova's stated strategy as an asset manager dedicated to sustainable investing. The non-recourse nature of the financing indicates the lender's confidence in the project's standalone cash flow generation and underlying assets. This deal is notable for several reasons. The 156 MW capacity represents a significant scale for a single PV portfolio financing, contributing substantially to Greece's renewable energy targets. The involvement of Mirova, a prominent sustainable asset manager, underscores the continued flow of institutional capital into the green energy sector, while Eurobank's role as the lender, advised by Reed Smith, highlights strong local financial sector support for such initiatives. The transaction reinforces Greece's position as an attractive market for solar energy development, drawing both international developers and local financial institutions.