Since March 2019, Energy 9 has been using wood residues to produce electricity sold to the national operator through a long-term power purchase agreement, as well as heat sold to several local industries operating in the wood and agricultural sectors, thus contributing to the environment and energy transition and to the circular economy.

Echosys Advisory acted as financial advisor to Pearl Infrastructure Capital in the acquisition of Energy 9 in December 2020, and in the subsequent refinancing of its existing debt facilities, which was executed in April 2021 as part of PEARL’s portfolio optimization strategy. This operation demonstrates that long term non-recourse debt financing can be raised at attractive conditions for good biomass CHP projects in Europe, as evidenced by the interest received from multiple lending institutions.

Investors: Pearl Infrastructure Capital