The European Investment Fund (EIF), part of the European Investment Bank Group (EIB), has closed a commitment to invest EUR50 million in Overawed Renewables Europe V FCR, a Spanish-based Fund managed by Everwood Capital devoted to investing in renewable assets in Southern Europe.
Everwood Fund V will invest in developing, constructing, and operating a portfolio of new renewable projects, primarily photovoltaic assets.
Everwood Fund V is also one of the first Spanish funds to classify under Article 9 of the Sustainable Finance Disclosure Regulation (SFDR), the highest classification under the new directive. This implies that the investments under Everwood Fund V will contribute to reducing CO2 emissions and will be aligned to the EU Taxonomy.
