The European Investment Fund (EIF) is announcing its investment of €75 million under InvestEU in Zencap European Sustainable Transition II (ZEST II), a private debt fund dedicated to mezzanine financing for energy transition projects throughout Europe.
The fund aligns its priorities with the objectives of the European Green Deal and has successfully closed at €255 million, exceeding its initial hard cap of €250 million.
“The launch of Zencap European Sustainable Transition II marks a significant step towards mobilising private investments in the green economy,” said Marjut Falkstedt Chief Executive of the EIF. “Our commitment not only reinforces our support for sustainable infrastructure but also catalyses additional investments crucial for achieving the EU’s climate targets.”
The successful closing will broaden ZEST II investment capacity and target a diverse portfolio of impactful green projects, targeting medium-sized assets and renewable energy infrastructures, including initiatives in wind, solar, biogas, and energy storage.
Victoire Blazsin and Guillaume Boucher, representing Zencap, stated: “Thanks to the strong support from the EIF and our institutional partners, this closing reinforces our capacity to finance essential projects that contribute to Europe’s energy transition. We are committed to delivering sustainable benefits while reducing carbon emissions across the continent.”
