Meijburg Legal advises Triodos Energy Transition Europe Fund

February 16, 2024
Triodos Energy Transition

Meijburg Legal advises Triodos Impact Strategies N.V.’s Triodos Energy Transition Europe Fund (TETEF) in relation to a substantial mezzanine financing arrangement for GIGA Storage B.V. and its subsidiaries (GIGA Storage).

Meijburg Legal has assisted TETEF in relation to a secured financing arrangement for GIGA Storage. The funding provided by TETEF was partly used to refinance the existing financing provided by TETEF and is in addition to secured project financing arrangements at the level of GIGA Storage’s project entities. The funding will enable GIGA Storage and several of its project entities to further develop and operate its large-scale energy storage solutions in the field of renewable energy, resulting in a more resilient and sustainable future.

The team at Meijburg Legal has worked for TETEF on several investments that contribute to the energy transition. We are happy to have been able to assist TETEF in this matter as well and would like to congratulate TETEF, as well as GIGA Storage, with the completion of this financing transaction. In addition, special thanks to all persons involved in this transaction, including Kay van der Kooi and Sonja de Ruiter of TETEF for their pleasant cooperation.

“This transaction enables GIGA Storage to further ensure robustness and reliability of the Dutch Grid as the Energy Transition proliferate. Working with the team at Meijburg is a pleasure and I am as always impressed with their availability, reliability, speed and creative problem-solving skills. Their commitment to representing our interests as lender was evident throughout, showcasing the highest professional standards in the legal field. ” – Kay van der Kooi, senior investment manager at TETEF

We were delighted to support TETEF on this financing. We are proud that we have assisted on this transaction that provides support to a more sustainable future. We very much look forward to working alongside TETEF on future milestone deals.” - Lucas Lustermans, partner at Meijburg Legal

Click the links for information about TETEF and GIGA.

The team at Meijburg Legal was led by Lucas Lustermans (Banking & Finance) and further comprised of Joost Kool (Banking & Finance). More information about the Banking & Finance team at Meijburg Legal can be found here.

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