Regenergy Frövi AB utilizes industrial waste heat and green electricity to produce vegetables in the largest greenhouse in the Nordics.
Since 2023, Vinga Group, a Swedish investment firm, has structured and raised approx. SEK 600 million in green bond financing and direct lending for Regenergy Frövi, contributing to the construction and development of the landmark project.
When operating at full capacity, the production will account for one in every five tomatoes consumed in Sweden.
This week, Regenergy Frövi announced a EUR 89 million debt investment and refinancing from Goldman Sachs Alternatives.
“Regenergy Frövi represents an exciting new chapter in Swedish industrial history. We are proud to have advised the company and to have structured sustainable financing that has proven crucial to the project’s realization. This refinancing, from a highly sophisticated investor such as Goldman Sachs Alternatives, is a testament to the quality of the project and the transformative business model”, says Tom Olander, CEO of Vinga Group.
It is satisfying to see one of America’s largest investment banks arranging such financing for a Nordic company that lives of sustainable renewables just one day after Trump’s pronouncements!
Photo: Regenergy Frövi AB
