Svea Solar Utility secures up to EUR 185 million financing facility to support growth of its renewable energy IPP platform
Svea Solar Utility has secured a holding company (HoldCo) financing facility of up to EUR 185 million from Eiffel Investment Group and Arkéa Asset Management.
The financing will support the continued expansion of Svea Solar Utility’s renewable energy platform, funding the development, construction, and operation of utility-scale solar PV and storage assets in Sweden.
The transaction marks a significant milestone in Svea Solar Utility’s evolution as a Sweden-centric independent power producer (IPP), reinforcing its ability to scale its portfolio and support the energy transition.
The HoldCo facility provides flexible capital and will be used to fund the investments needs of the platform across the project lifecycle. Svea Solar Utility currently has 220 MW of solar PV capacity in operation and under construction, including Sweden’s largest solar PV park, a 120 MW project which is on track to be completed by the end of this year.
The financing is provided by Eiffel Investment Group and Arkéa Asset Management, both active lenders in the European energy transition space. Their participation reflects confidence in Svea Solar Utility’s platform, execution capabilities, and project pipeline.
Executive commentary
Pieter Godderis, Managing Director at Svea Solar Utility, said:
"Securing Eiffel and Arkéa as financiers alongside the continued backing of AB Carval and Altor is a powerful endorsement of the attractiveness of the Swedish solar PV and BESS market, as well as in Svea Solar Utility’s leadership and growth. In today’s market environment, institutional capital concentrates behind platforms with proven execution and scale. This financing is a critical building block to grow our operational portfolio past 2 GW over the next five years, while reinforcing our financial strength and long-term reliability our PPA partners expect."
Jean-Charles Arrago, Managing Director at Eiffel Investment Group, said:
“We are pleased to support Svea Solar Utility as an integrated IPP with a strong platform in Sweden. The quality and maturity of the portfolio, including operational, under construction and late-stage development assets, gives us strong confidence in the company’s ability to efficiently deploy and scale its portfolio. This transaction is fully aligned with our strategy of supporting scalable renewable energy platforms spread over Europe that contributes to the decarbonization and autonomy of the continent.”
Alexis Sarrazin, Co-Head of Infrastructure Debt at Arkéa Asset Management, said:
“We are delighted to support Svea Solar Utility and set a foot within the promising Swedish solar PV market, in line with our debt investment strategy of supporting experienced renewables IPPs in Europe in order to accelerate their development. This investment also aligns very well with our overall mission of financing meaningful long-term real infrastructure assets contributing to energy and digital transitions in Europe, thereby providing financial and extra-financial performance to our investors.”
For additional information, please contact:
Sophie Hammarskjöld
Group Head of Communications
sophie.hammarskjold@sveasolar.com
+46 76 775 13 90
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About Svea Solar Utility
Svea Solar Utility is an independent renewable energy platform focused on the development, construction and operation of solar PV and energy storage assets. The company operates as an integrated IPP, managing projects across the full value chain from origination through to long-term ownership.
About Eiffel Investment Group
Eiffel Investment Group is an independent asset manager with EUR 8 billion under management (as of 2026-03-31), specializing in private debt, energy transition infrastructure, private equity, and listed strategies. A pioneer in energy transition financing, Eiffel supports companies and projects across Europe and internationally through its offices in Paris, Amsterdam, Milan, Warsaw, New York, and Abu Dhabi.
About Arkéa Asset Management
Arkéa Asset Management is the asset management arm of Crédit Mutuel Arkéa, a French Bank & Insurance Group. The firm provides tailored investment solutions across asset classes, with a focus on responsible investing. It supports environmental and societal transitions while financing the real economy. Arkéa Asset Management currently manages over EUR 65 billion in assets.
Advisors
Akereos Capital acted as exclusive debt advisor. DLA Piper and Ashurst acted as legal advisors to the borrower and lenders, respectively. PwC, Ramboll and Mannheimer Swartling conducted financial, technical, and legal due diligence.