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Svea Solar Utility is an an independent renewable energy platform, has secured a HoldCo financing facility of up to €185 million (~ $ 215.47 million) from Eiffel Investment Group and Arkéa Asset Management. The funding will support the development, construction, and operation of utility-scale solar PV and battery energy storage projects in Sweden. The company currently has 220 MW of solar PV capacity in operation and under construction. Its portfolio includes a 120 MW solar park that is expected to be completed by the end of 2026. Svea Solar Utility plans to use the flexible financing across the entire project lifecycle. The company aims to expand its operational portfolio beyond 2 GW over the next five years.
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