Everwood Secures Financing from EIB for Green Fund

✦ Meridian Analysis

Everwood Capital’s sixth vehicle, Everwood Energy Fund VI, has secured a €100 million commitment from the European Investment Bank’s European Investment Fund (FEI). The FEI commitment, which follows a €50 million investment in Everwood’s fifth fund, is conditioned on the Spanish securities regulator (CNMV) approving the fund’s prospectus in the coming days. Everwood, acting as the fund manager and issuer, will target a total capital raise of €500 million to back 10‑15 greenfield projects in the southern‑European renewable‑energy space, with individual ticket sizes of €30‑80 million. The FEI’s involvement, under the Climate & Infrastructure instrument administered by the Autonomous Resilience Fund, is noted. What remains undisclosed are the final closing timetable for the €500 million target, the identity of any co‑investors that may join the FEI, and the detailed terms of the commitment, such as any preferred‑return structures or claw‑back provisions. Confirmation of CNMV approval and the fund’s first close will be key milestones to watch in the next few weeks.

The Meridian Weekly