Pathfinder Clean Energy (PACE Group) has secured a £46m investment via convertible bond from Paris-based investment house RGREEN INVEST to accelerate growth of its considerable UK development pipeline and commence construction of its leading UK projects.
PACE’s Belgium-based engineering team supported by UK project management will bring the assets into construction.
PACE has a global pipeline of over 3GW across UK, Canada, Poland and NZ.
Rob Denman, Managing Director at PACE said: “PACE is delighted to complete this investment from RGREEN INVEST that will solidify our position as a leader in the UK energy transition sector. The additional capital will immediately launch projects into construction across our solar and energy storage assets in the UK.
With strong commitment from the UK government for the net zero targets and the grid market reform coming to its conclusion, PACE’s experienced team with its advanced pipeline supported by RGREEN INVEST is in a leading position to materially contribute to meeting the government’s clean energy targets.”
“PACE looks forward to a long business partnership with RGREEN INVEST in the UK and potentially the other international markets in which we operate.”
PACE is presently developing and investing into clean energy projects in the UK, Canada, Poland and New Zealand and reviewing additional markets for expansion.
Nicolas Rochon, Founder & CEO of RGREEN INVEST: “This investment marks the beginning of a long-term partnership between RGREEN INVEST and PACE Group. Our capital will support the launch of construction on a new generation of solar and storage projects in the UK — strengthening the country’s energy independence and paving the way for future collaboration.”
About Pathfinder Clean Energy (PACE)
Pathfinder Clean Energy (PACE) – a clean energy developer and investor – was founded in 2017 and brings together some of the leading and most experienced figures in the clean energy sector. Its team of 32 people now operates across the UK, continental Europe, Canada and New Zealand, and backed by world-leading clean energy investors.
PACE brings together over 100 years and 5GW of clean energy experience with AI-integrated proprietary technology accelerating development and creating a platform for efficient inhouse construction.
PACE’s understanding and management of the complete life cycle of a project provides a route to deploying capital at scale and across multiple international clean energy markets.
To find out more, visit www.pathfinderce.com and follow us on LinkedIn.
ABOUT RGREEN INVEST
RGREEN INVEST is a Paris based investment management company, with over fifteen years’ experience financing the energy transition. B Corp-certified, and a mission-driven company, RGREEN INVEST brings European entrepreneurs in the industry a comprehensive tailored range of financial solutions, in both equity and debt, to support their growth.
RGREEN INVEST’s purpose is to accelerate the energy transition, strengthen energy sovereignty and independence, and mitigate climate change while fostering adaptation.
With 50 specialized and experienced professionals, RGREEN INVEST has already supported over 3,000 projects mainly in Europe amounting to more than 3.3 billion euros managed since inception.
To find out more, visit www.rgreeninvest.com and follow us on LinkedIn.