Announcing Senior Facility for Beka Credit to Provide Financing for Renewable Energy Projects

Pollen Street Capital is pleased to announce a new senior facility for Beka Credit. The facility supports Alameda, a €200 million renewable debt fund managed by Beka Credit and dedicated to financing solutions for small and medium-sized renewable energy projects across Spain.

Beka Credit is a well-established investment manager in Spain, focusing on providing SME renewable energy developers with financing to develop ready-to-build solar & wind farms. The Fund’s debut investment is a €30 million loan to finance a 60 MW photovoltaic plant, with a robust origination pipeline in place of further 350 MW.

Connor Marshall-Mckie, Investment Director at Pollen Street, commented: “Beka Credit, through the launch of Alameda, is addressing an important gap in financing for small and medium-sized renewable energy projects in Spain. We are pleased to support the launch and to strengthen our relationship with Beka as they continue to expand in the renewable energy sector.”