Project Financing for Japanese Solar PV Assets

• Platform: Gestamp Solar (rebranded to X-Elio)
• Counterparty: Deutsche Bank
• Geography: Japan
• Amount: JPY 11 Bn non-recourse facility (c. $100 M)
• Management Team Role: At the time, relevant VFC members were employed at Gestamp Solar and were responsible for structuring the project finance for Gestamp Solar’s Fukuroda project (first in a series of financings with Deutsche Bank). Landmark transaction as the largest non-recourse solar financing in Japan at the time.