German solar developer Goldbeck Solar has received a €44m ($47.9m) HoldCo debt facility from French asset manager RGreen Invest to build four solar projects with a combined capacity of 93MW.

RGreen is providing the funding via its Infrabridge III senior debt fund.

The four ground-mounted solar plants are located in Canada and Chile with a capacity of 69MW and 24MW, respectively.

Goldbeck Solar is building the two Canadian projects, located in Alberta, in a joint venture with Pathfinder Clean Energy.

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They have capacities of 61MW and 8MW and are expected to run on a “fully merchant” basis.

The two Chilean projects will be located in the province of Bío-Bío and will generate 12MW each. They will benefit from the Pequeños Medios de Generación Distribuida programme.

Goldbeck Solar finance and investment head Olga Kovalchuk stated: “We are thrilled to partner with RGreen Invest, a prominent player in the renewable energy finance sector.

“This collaboration reinforces our commitment to driving the global transition to sustainable energy systems and will accelerate the realisation of our first solar projects in Canada and Chile.”

RGreen Invest debt investment head Mathilde Ketoff stated: “This investment underscores our confidence in experienced global players such as Goldbeck Solar to deliver innovative solar energy solutions across the globe.

“While our primary focus lies in funding European projects, our mandate enables us to expand into new countries through strategic partnerships. Our ultimate goal is to contribute to a sustainable future by harnessing the power of clean and dependable solar energy.”

Goldbeck, in association with German renewable assets manager CEE Group, also recently commissioned a 154.7MW solar plant in Brandenburg, Germany.