BELGIUM - Gimv and DG Infra+ invest EUR 30m into Electrawinds

Headquartered in Ostend, Electrawinds is the largest private renewable energy player on the Belgian market. The company started off with wind energy projects, but has since diversified into other alternative energy sources such as biomass and solar. The business also operates in Italy, France and Eastern-Europe.

This is Electrawinds's second fundraising round this year, following on from a EUR 20m investment provided by DG Infra+ and Gemeentelijke Holding in the form of a subordinated loan with warrants. DG Infra+ is a non-listed private equity fund, set up by Dexia and Gimv, focusing on investments in infrastructure and related assets.

Gimv contributed EUR 25m to the capital increase, while DG Infra+ invested the remainder EUR 5m.

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• Topics
• Expansion
• Benelux