2026 Spain
Debt
Onshore / repowering Closed
WHAT WE DO - TRANSACTIONS
Our Transactions
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91 transactions found
CIP & Arjun – Monegros (debt)
Spain
Green Giraffe Advisory advised Copenhagen Infrastructure Partners and Arjun Infrastructure Partners on the refinancing of Monegros, one of Spain's largest onshore wind portfolios.
The portfolio comprises 12 operational wind farms in Aragón with a combined capacity of 487 MW, underpinned by long-term PPAs. The refinancing was structured as a new EUR 380 M financing provided by BNP Paribas and Santander.
Related projects
2026 Australia
Private: M&A advisory
Onshore / repowering Closed
2026 Germany
Private: M&A advisory
Onshore / repowering Closed
2025 France
Debt
Onshore / repowering Closed
2025 France
Private: M&A advisory
Solar / hybridisation Closed
2024 Australia
Private: M&A advisory
Onshore / repowering Closed
2024 South Africa
Debt
Onshore / repowering Closed
2026 South Africa
Debt
Solar / hybridisation Closed
Envusa Energy – Gaia – Sishen (debt)
South Africa
Green Giraffe Advisory acted as exclusive financial advisor to Envusa Energy on the successful close of its first utility-scale, behind-the-meter solar PV project.
Located at Kumba Iron Ore’s Sishen Mine near Kathu in the Northern Cape, the 63 MW AC project turns previously disturbed mining land into productive, energy-generating infrastructure. All electricity generated will be sold directly to Sishen Mine through Envusa Energy’s trading company, strengthening the mine’s energy security and lowering its carbon footprint.
Built across roughly 100 hectares on a 20-storey-high rehabilitated waste rock dump, the project required clever engineering to address genuine geotechnical complexity, including adjustable PV structures and a mobile adjustable substation to manage ground settlement over time.
The benefits reach beyond the fence line, too. The Sishen Iron Ore Company-Community Development Trust holds a 10% interest, ensuring host communities share directly in the dividends, with value reinvested into jobs, education, healthcare, skills and sustainable livelihoods.
This close sets an important precedent, paving the way for future project-financed, utility-scale behind-the-meter battery storage to support South Africa’s grid needs.
Related projects
2026 France
Equity
Solar / hybridisation Closed
2025 Germany
Private: M&A advisory
Solar / hybridisation Closed
2025 France
Private: M&A advisory
Solar / hybridisation Closed
2025 Japan
Private: M&A advisory
Solar / hybridisation Closed
2024 Netherlands
—
Solar / hybridisation Closed
2024 Netherlands
Private: M&A advisory
Solar / hybridisation Closed
2026 Europe
Debt
E-mobility Closed
Milence – Ampere (debt)
Europe
Green Giraffe Advisory acted as the co-financial advisor for Milence, on the successful close of a EUR 120 million financing facility. This capital will support the expansion of a high-performance truck charging network across Europe.
Financing large-scale infrastructure for heavy-duty electric vehicles requires a deep understanding of emerging technologies and shifting logistics markets. Our team worked to structure a facility that provides the flexibility and scale needed to meet the increasing demand from fleet operators.
This deal highlights the growing appetite for infrastructure projects that tackle the specific challenges of heavy-duty transport.
Related projects
2023 UK
Private: M&A advisory
E-mobility Closed
2022 Spain
Private: M&A advisory
E-mobility Closed
2022 France
Private: M&A advisory
E-mobility Closed
2020 UK
Private: M&A advisory
E-mobility Closed
2020 Netherlands
—
E-mobility Closed
2019 Netherlands
—
E-mobility Closed
2026 France
Debt
BESS Closed
Acacia – Bloom II (debt advisory)
France
Green Giraffe Advisory acted as the sole financial advisor to Acacia on a pioneering HoldCo senior financing for a 200 MW BESS portfolio.
This deal is one of the first HoldCo structures in the French storage market and addresses a critical industry challenge: optimising merchant exposure bankability. By leveraging synergies across a multi-asset portfolio, we helped Acacia unlock a financing structure that balances flexibility with lender security, demonstrating that strategic advisory is the key to de-risking the energy transition.
Related projects
2025 France
Equity
BESS Closed
2026 Australia
Private: M&A advisory
Onshore / repowering Closed
2026 France
Private: M&A advisory
BESS Closed
2026 Japan
Equity
BESS Closed
2025 Poland
Private: M&A advisory
BESS Closed
2024 Netherlands
Private: M&A advisory
Solar / hybridisation Closed
2025 Norway
Debt
Bioenergy Closed
Vireo – Lista (debt raise)
Norway
Green Giraffe Advisory advised Vireo AS on raising non-recourse debt for their second greenfield bio-LNG plant in Norway
Founded in 2021, Vireo specialises in developing, constructing, and operating bio-LNG production plants and is committed to becoming the leading bio-LNG producer in Norway. Green Giraffe Advisory acted as the exclusive financial advisor to Vireo in the debt raise for their Lista Biogas plant, a greenfield bio-LNG facility located in Lista on the Norwegian south coast. The plant will process approximately 160,000 tons of feedstock annually, consisting of manure, fish, and food waste, and aims to produce around 90 GWh of liquefied biomethane each year.
Lenders include ING and Sparebank 1 Sør-Norge, who will provide the senior secured facility necessary for the construction of the plant.
Related projects
2025 Norway
Debt
Bioenergy Closed
2026 Netherlands
Private: M&A advisory
Bioenergy Closed
2024 Netherlands
Private: M&A advisory
Bioenergy Closed
2023 Portugal
Private: M&A advisory
E-fuels Closed
2022 Portugal
Private: M&A advisory
E-fuels Closed
2018 Ivory Coast
—
Solar / hybridisation Closed
2025 France
Debt
Onshore / repowering Closed
Roussanne – Octopus Energy Generation (debt raise)
France
Green Giraffe Advisory successfully advises Octopus Energy Generation on the repowering project financing for Project Roussanne, marking a significant milestone in the repowering of Marsanne and Grand Bois wind farms in France to nearly double capacity to c.34 MW and extend their operational asset life.
Project Roussanne is the non-recourse senior debt raise to finance the repowering of two onshore wind projects (the Marsanne and Grand Bois Wind Farms) located in France with an aggregate capacity of 33.6 MW. Marsanne (25.2 MW after repowering) has been operating since 2008 and Grand Bois (8.4 MW after repowering), since 2011. These repowered assets will benefit from a 20-year French CfD and will reinforce the value of repowering existing, well-resourced sites with grid connections in today’s challenging market.
Green Giraffe Advisory acted as the sole financial advisor to our valued client, Octopus Energy Generation. The transaction involved creative structuring in an evolving commercial understanding.
Related projects
2026 Australia
Private: M&A advisory
Onshore / repowering Closed
2026 Germany
Private: M&A advisory
Onshore / repowering Closed
2026 Spain
Debt
Onshore / repowering Closed
2025 France
Private: M&A advisory
Solar / hybridisation Closed
2024 Australia
Private: M&A advisory
Onshore / repowering Closed
2024 South Africa
Debt
Onshore / repowering Closed
2025 Germany
Debt
Offshore Closed
EEW – Midsummer (corporate refi)
Germany
Green Giraffe Advisory served as the exclusive financial advisor to EEW Group in successfully closing its major corporate refinancing of EUR 435 M.
This landmark closing represents a powerful validation of EEW Group’s robust track record and market leadership, securing confidence from a wide range of top-tier banking partners.
Green Giraffe Advisory, through the leverage of our wide banking network, sourced the most attractive facilities to meet EEW Group’s strategic capital requirements and ensure deliverability, aligning the company’s financial foundation with its long-term growth ambitions across the energy, infrastructure and industrial sectors.
Related projects
2025 Taiwan
Private: M&A advisory
Offshore Ongoing
2024 South Korea
Private: M&A advisory
Offshore Closed
2024 Netherlands
—
E-fuels Closed
2024 Belgium
Private: M&A advisory
Offshore Closed
2023 Taiwan
Debt
Offshore Closed
2023 Japan
Development services
Offshore Closed
2025 Norway
Debt
Bioenergy Closed
Vireo – Hardanger (debt raise)
Norway
Green Giraffe Advisory advised Vireo AS on raising non-recourse debt for their greenfield bio-LNG plant in Norway
Founded in 2021, Vireo specialises in developing, constructing, and operating bio-LNG production plants and is committed to becoming the leading bio-LNG producer in Norway. Green Giraffe Advisory acted as the exclusive financial advisor to Vireo in the debt raise for their Hardanger Biogas plant, a greenfield bio-LNG facility located in Husnes Industriområde on the Norwegian west coast. The plant will process approximately 120,000 tons of feedstock annually, consisting of manure, fish, and food waste, and aims to produce around 90 GWh of liquefied biomethane each year.
Lenders include ING and Sparebank 1 Sør-Norge, who will provide the senior secured facility necessary for the construction of the plant.
Related projects
2025 Norway
Debt
Bioenergy Closed
2026 Netherlands
Private: M&A advisory
Bioenergy Closed
2024 Netherlands
Private: M&A advisory
Bioenergy Closed
2023 Portugal
Private: M&A advisory
E-fuels Closed
2022 Portugal
Private: M&A advisory
E-fuels Closed
2018 Ivory Coast
—
Solar / hybridisation Closed
2025 Iceland
Debt
E-fuels Ongoing
Katanes
Iceland
Qair, via its subsidiary Qair Iceland H2, has mandated Green Giraffe Advisory as financial advisor for its Katanes hydrogen and green ammonia project in Iceland.
Hydrogen and ammonia not used for the energy transition in Iceland will be exported to Europe, giving the country a new source of foreign income. By doing this, Katanes is able to utilize the cost advantages that enterprises obtain due to their scale of operations, to secure competitive prices of hydrogen and ammonia to the consumer.
As part of the mandate, Green Giraffe Advisory will support the debt raising process ahead of financial close, providing the full scope of services related to raising project finance debt.
Related projects
2024 Germany
Equity
E-fuels Closed
2024 Netherlands
—
E-fuels Closed
2024 France
—
E-fuels Closed
2024 United States
—
E-fuels Closed
2023 Ireland
Private: M&A advisory
E-fuels Closed
2023 Portugal
Private: M&A advisory
E-fuels Closed
2024 Germany
Debt
— Closed
Eavor (debt raise)
Germany
Non-Recourse debt raised for Eavor's first commercial geothermal project in Geretsried, DE
We helped promising Geothermal scale-up “Eavor” raise non-recourse debt for the construction of their first-ever commercial scale project in Geretsried, Germany (DE).
Green Giraffe was mandated as sole financial advisor to Eavor to secure non-recourse debt for its pioneering Eavor-Loop project. More notably, Green Giraffe successfully executed a first-of-its-kind non-recourse transaction in the geothermal industry, thereby establishing a critical new financing model for this emerging technology.
Green Giraffe steered the full value chain of the debt raise, including:
- Financial modeling and bank sounding
- Coordination of due diligence advisors
- Lender due diligence
- Negotiation of the financial documentation
Lenders included multilaterals European Investment Bank (EIB) and Japan Bank for International Cooperation (JBIC), as well as commercial lenders ING and Mizuho (with cover from the Nippon Export and Investment Insurance (NEXI)). In addition, Green Giraffe supported Eavor in finalizing the equity raise, securing investment from Chubu Electric Power Co. and others.
2024 France
Debt
Solar / hybridisation Closed
Photosol (refinancing)
France
Green Giraffe Advisory advised Photosol on refinancing its existing senior debt facility and DSRF, allowing the switch of a part of the portfolio's offtaker from CfDs to cPPAs.
Green Giraffe Advisory was mandated as exclusive financial advisor for the Maido portfolio by Photosol, a tier-1 developer and IPP of solar PV assets in France, with solid success rate in CRE auctions and a high growth potential.
Maido is a diversified brownfield portfolio of 112 MWp across 9 solar PV assets (ground mounted and canopy) located in France, gradually commissioned between Jun-2020 to Oct-2022.
Green Giraffe Advisory led the refinancing process of the existing non-recourse senior debt at HoldCo level with the objective to switch part of the portfolio from CfDs to cPPAs Photosol had secured, tailor the new debt repayment profile to the revised cash flow profile and to maximize leverage, including making an exceptional distribution at closing.
After sounding a broad group of potential lenders, a EUR 103.4 M financing was secured with CEPAC and La Banque Postale with very competitive conditions. The transaction closed on 27th May 2024.
Related projects
2026 South Africa
Debt
Solar / hybridisation Closed
2026 France
Equity
Solar / hybridisation Closed
2025 Germany
Private: M&A advisory
Solar / hybridisation Closed
2025 France
Private: M&A advisory
Solar / hybridisation Closed
2025 Japan
Private: M&A advisory
Solar / hybridisation Closed
2024 Netherlands
—
Solar / hybridisation Closed
2024 South Africa
Debt
Onshore / repowering Closed
Envusa Energy
South Africa
Envusa Energy: one of the first RE traders in South Africa. “Envusa Energy is a jointly owned renewable energy venture between Anglo American, a globally diversified mining company with a strong presence in Southern Africa, and EDF Renewables (South Africa) a leading renewable energy IPP in the region. Envusa Energy’s intrinsic objective is to decarbonise Anglo American operations across Southern Africa. The company has recently closed the first leg of a development of up to 5 GW of clean energy projects by 2030. Green Giraffe Advisory was acting as sole financial advisor for the debt raising of the 520 MW portfolio.
Related projects
2026 Australia
Private: M&A advisory
Onshore / repowering Closed
2026 Germany
Private: M&A advisory
Onshore / repowering Closed
2026 Spain
Debt
Onshore / repowering Closed
2026 South Africa
Debt
Solar / hybridisation Closed
2026 France
Equity
Solar / hybridisation Closed
2025 Germany
Private: M&A advisory
Solar / hybridisation Closed
2024 South Africa
Debt
Onshore / repowering Closed
Oya – debt & equity raise
South Africa
GGA advised on the debt and equity raise for the hybrid Oya project in South Africa.
Green Giraffe Advisory was mandated as exclusive financial advisor to raise debt and equity for the Oya project. This was following on from its support in the successful bid in the Risk Mitigation Independent Power Producers Programme (RMIPPPP), where Oya was awarded a 20-year PPA with Eskom in 2021.
The Oya project is a 128 MW co-located hybrid project straddling the Western and Northern Cape provinces in South Africa that consists of a mix of onshore wind turbines (86 MW), bi-facial solar PV arrays (155 MWp), lithium-ion battery storage (94MW/242MWh) and a unique hybrid controller supplying dispatchable baseload power during daytime hours, thus making it one of the biggest hybrid projects of its kind in the world. The landmark project will be instrumental in South Africa’s transition to a renewable energy power mix and in reducing load shedding.
Green Giraffe Advisory is proud to have supported this complex and innovative Oya project and its leading sponsors G7 Renewable Energies, a local developer, and Engie, a multinational utility company, since the tender bid submission phase in 2020 and to have delivered its full suite of fundraising services all the way up to financial close achieved on February 13th 2024.
Equity was raised from Engie and Meadows Energy and Perpetua as B-BBEE investors and a highly competitive debt package was raised from RMB (as MLA), DBSA, OMAI, Sanlam and Stanlib.
Related projects
2026 Australia
Private: M&A advisory
Onshore / repowering Closed
2026 Germany
Private: M&A advisory
Onshore / repowering Closed
2026 Spain
Debt
Onshore / repowering Closed
2026 South Africa
Debt
Solar / hybridisation Closed
2026 France
Private: M&A advisory
BESS Closed
2026 Japan
Equity
BESS Closed
2023 Taiwan
Debt
Offshore Closed
Yunlin (restructuring)
Taiwan
Related projects
2025 Taiwan
Private: M&A advisory
Offshore Ongoing
2025 Germany
Debt
Offshore Closed
2024 South Korea
Private: M&A advisory
Offshore Closed
2024 Netherlands
—
E-fuels Closed
2024 Belgium
Private: M&A advisory
Offshore Closed
2023 Japan
Development services
Offshore Closed
2023 Poland
Debt
Offshore Closed
Baltic Power Offshore Wind (debt)
Poland
Green Giraffe advise on EUR 4.4 bn non-recourse project financing for the Baltic Power offshore wind project in Poland
Green Giraffe Advisory advised the sponsors, Northland Power and ORLEN, on the EUR 4.4 bn non-recourse project financing consisting of EUR 3.6 bn of term loan facilities and EUR 0.8 bn of ancillary facilities for the 1.14 GW Baltic Power offshore wind project.
The debt financing for Baltic Power, which was signed on Wednesday, 19 September 2023, is being provided by 25 banks including the European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and the export credit agencies EDC (Export Development Canada), Export and Investment Fund of Denmark (EIFO) and Germany’s Euler Hermes as well international and local commercial banks.
The Baltic Power project is located in the Baltic Sea approximately 22 kilometers off the Polish coast and has obtained all environmental approvals and major construction permits. Once operational, which is estimated in the latter half of 2026, Baltic Power will be amongst the largest offshore wind projects globally. It is expected to provide clean energy to over 1.5 million Polish households and will play an important role in helping Poland achieve its target of up to 11 GW of offshore wind to be constructed by 2040.
Baltic Power is part of the first 5.9 GW round of offshore wind projects in Poland and obtained a grid connection and a 25-year fixed CfD offtake arrangement. The CfD offtake arrangement is Euro-pegged and includes an inflation indexation mechanism.
Green Giraffe Advisory acted in co-advisory with Pekao Investment Banking on the structuring and arrangement of the financing. The Sponsors were additionally supported by Hogan Lovells (legal).
Related projects
2025 Taiwan
Private: M&A advisory
Offshore Ongoing
2025 Germany
Debt
Offshore Closed
2024 South Korea
Private: M&A advisory
Offshore Closed
2024 Netherlands
—
E-fuels Closed
2024 Belgium
Private: M&A advisory
Offshore Closed
2023 Taiwan
Debt
Offshore Closed
2023 Germany
Debt
Offshore Closed
Veja Mate (refinancing)
Germany
Green Giraffe Advisory advised Veja Mate on raising an additional senior debt facility and replacing the DSRA in place by a DSRF
Green Giraffe Advisory was mandated as exclusive financial advisor by the project company Veja Mate Offshore Project GmbH, a 402 MW offshore wind farm located in the German North Sea, to raise an additional senior debt facility and a DSRF to replace the project’s DSRA. The financing has been secured among the existing pool of senior debt lenders with a very competitive pricing.
The Veja Mate Offshore Project is a German offshore wind farm located in the North Sea that has been operational since 2017 with excellent operational track record, having one Best Offshore Windpark on various occasions. As of 2023, the shareholding group consists of a consortium formed by Commerz Real, Ingka Investments, KGAL, and wpd invest.
Green Giraffe Advisory has supported Veja Mate on numerous occations (greenfield financing, debt restructuring, sell-side) and is proud to have supported the project team on yet another successful milestone.
Related projects
2019 Germany
Private: M&A advisory
Offshore Closed
2018 Germany
Debt
Offshore Closed
2015 Germany
Debt
Offshore Closed
2014 Germany
Private: M&A advisory
Offshore Closed
2025 Taiwan
Private: M&A advisory
Offshore Ongoing
2025 Germany
Debt
Offshore Closed
2023 Portugal
Debt
Solar / hybridisation Closed
Akuo Energy (portfolio financing)
Portugal
Green Giraffe supported Akuo in the fundraising for their portfolio of Portuguese solar PV projects.
The portfolio benefits from feed-in tariffs which were awarded in the solar power auction of the Portuguese government in 2019, and had a total capacity of approximately 450 MWp. Project Santas was the first project to reach financial close in 2023 and has a total capacity of ca. 180 MWp. Construction of the project started in Q2 2023 by GenSun, Siemens Energy and Painhas, with first power to grid planned for Q1 2024. The second project that started construction is project Margalha, which has a capacity of 147 MWp, and is located in the Gavião area of Alentejo, a region renowned for its abundant sunshine.
Related projects
2026 South Africa
Debt
Solar / hybridisation Closed
2026 France
Equity
Solar / hybridisation Closed
2025 Germany
Private: M&A advisory
Solar / hybridisation Closed
2025 France
Private: M&A advisory
Solar / hybridisation Closed
2025 Japan
Private: M&A advisory
Solar / hybridisation Closed
2024 Netherlands
—
Solar / hybridisation Closed
2023 South Africa
Debt
Onshore / repowering Closed
Umsobomvu REIPPPP R5 (debt)
South Africa
Green Giraffe supported EDF Renewables and its partners in achieving financial and commercial close of the Phezukomoya, San Kraal and Coleskop onshore wind farms
Phezukomoya, San Kraal and Coleskop are onshore wind farms, each with a capacity of 140 MW, which will be located in the Umsobomvu Local Municipality on the boundary of the Eastern Cape and Northern Cape provinces, South Africa. The projects were awarded preferred bidder status in October 2021 in the 5th bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
In November 2022, Phezukomoya and San Kraal reached financial close shortly followed by Coleskop which reached financial close on the 18th January 2023. The projects will sell power to Eskom under a 20-year power purchase agreement. In addition, the main transmission substation will be constructed on behalf of Eskom and transferred to Eskom on completion.
The three projects were developed by a consortium led by EDF Renewables (South Africa), together with its local BEE partners, H1 Holdings, GIBB-Crede, and a local community trust.
Related projects
2021 South Africa
Development services
Onshore / repowering Closed
2020 UK
Private: M&A advisory
E-mobility Closed
2026 Australia
Private: M&A advisory
Onshore / repowering Closed
2026 Germany
Private: M&A advisory
Onshore / repowering Closed
2026 Spain
Debt
Onshore / repowering Closed
2025 France
Debt
Onshore / repowering Closed
2022 Netherlands
Debt
Offshore Closed
Gemini (financing amendment)
Netherlands
Green Giraffe acted as sole financial advisor in the amendment of Gemini 600 MW offshore wind farm's financing
Gemini is a 600 MW offshore wind farm located 85 km off the Dutch coast in the North sea. The wind farm has been in operation since May 2017 and is fully ISO 45001 and 55001 certified.
It is ultimately owned by Northland Power, Siemens Financial Services, HVC and Alte Leipziger/Hallesche Group.
In October 2022, Gemini reached another key milestone by amending its senior and subordinated debt, repricing the hedge and fully replacing all reserve accounts to debt service reserve facilities. Green Giraffe acted as exclusive financial advisor to support the project in securing highly attractive terms in the debt market. Green Giraffe was previously involved in the initial EUR 2.8 bn financing of the project which reached financial close in 2014 and in its subsequent round of refinancing in 2017.
More details on Green Giraffe’s past transactions with Gemini here (Green Giraffe was mandated to advise on the EUR 2.8 bn financing of the 600 MW Gemini offshore wind project in the Netherlands) and here (Green Giraffe was mandated as exclusive financial advisor to help Gemini assess refinancing options).
See also Green Giraffe’s involvement in recent amendments, restructuring and refinancing transactions on the market: Deutsche Bucht, Norther and C-Power.
Related projects
2017 Netherlands
Debt
Offshore Closed
2014 Netherlands
Debt
Offshore Closed
2025 Taiwan
Private: M&A advisory
Offshore Ongoing
2025 Germany
Debt
Offshore Closed
2024 South Korea
Private: M&A advisory
Offshore Closed
2024 Netherlands
—
E-fuels Closed
2022 Spain
Debt
Onshore / repowering Closed
Odin (Debt secondment)
Spain
Green Giraffe supported Northland Power (Northland) with the non-recourse debt refinancing and restructuring of its portfolio of assets in Spain by seconding members of its Spain team to Northland
The portfolio, acquired in 2021, includes 33 operating assets regulated under the RD 413/2014. The portfolio comprises onshore wind (435 MW), solar PV (66 MW), and concentrated solar (50 MW) located throughout Spain.
Northland Power successfully arranged a EUR 690 M senior debt package, which closed on November 3rd, 2022.
The new senior financing, provided by Caixa Bank, replaced the existing senior debt structured at the separate SPVs level with a single holding level financing. The transaction benefits from the technological diversification of the portfolio and allowed an adjustment of the debt repayment profile in line with the impacts from the current high pool prices on regulated assets in Spain to improve cash distributions from the portfolio.
Green Giraffe supported the Northland Power team with debt restructuring considerations, financial modelling, due diligence management as well as commercial support with the negotiation of the financial documentation up to financial close.
Northland Power is a global power producer dedicated to helping the clean energy transition by producing electricity from clean renewable resources. Founded in 1987, Northland has a long history of developing, building, owning and operating clean and green power infrastructure assets and is a global leader in offshore wind. In addition, Northland owns and manages a diversified generation mix including onshore renewables, efficient natural gas energy, as well as supplying energy through a regulated utility.
Headquartered in Toronto, Canada, with global offices in eight countries, Northland owns or has an economic interest in 3.0GW (net 2.6GW) of operating capacity. The company also has a significant inventory of projects in construction and in various stages of development encompassing over 14GW of potential capacity. Publicly traded since 1997, Northland’s common shares, Series 1, Series 2 and Series 3 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B and NPI.PR.C, respectively.
Related projects
2021 Germany
Private: M&A advisory
Offshore Closed
2026 Australia
Private: M&A advisory
Onshore / repowering Closed
2026 Germany
Private: M&A advisory
Onshore / repowering Closed
2026 Spain
Debt
Onshore / repowering Closed
2026 South Africa
Debt
Solar / hybridisation Closed
2026 France
Equity
Solar / hybridisation Closed
MEET THE TEAM
Our Advisors
Managing Director Paris
Pierre-Etienne Claveranne
Pierre-Etienne is a founding partner of Green Giraffe Advisory and an industry veteran with extensive experience successfully guiding clients and closing complex transactions across diverse markets and technologies.
Over the past 15 years, he has built a track record of transactions globally, specialising in large-scale non-recourse and holdco debt financings, and M&A (buy-side, sell-side, and corporate fundraising) spanning a diverse portfolio of energy transition projects and platforms. His transaction experience is structured across three key areas:
- Strategic capital raising and energy transition: Pierre-Etienne leads complex capital raises for high-growth platforms focused on next-generation energy infrastructure. This expertise includes leading the capital raise for Battery Energy Storage Systems (BESS), structuring multiple corporate equity rounds (Series A/B/C/D) for platforms, and advising on bioenergy and synthetic fuels. He also handles portfolio financing for major European developers and utilities
Benchmark offshore wind M&A and debt: He has overseen numerous fundraising efforts for major European offshore wind projects, including non-recourse debt financing for developments exceeding 1 GW in capacity. Key mandates include advising on major asset sales for offshore wind projects, managing platform M&A, and executing debt restructuring mandates. Before founding Green Giraffe Advisory, Pierre-Etienne spent four years in Dexia’s project finance team, where he closed multiple transactions across public-private partnerships, transportation asset financing, and renewable energy sectors, including solar, offshore, and onshore wind farms.
Pierre-Etienne graduated from École Centrale de Lyon and holds an MSc in Finance from ESCP-EAP Business School in Paris.
Credentials – Relevant projects
Latest insights
Managing Director – Head of Green Giraffe Advisory Hamburg
Udo Schneider
Udo is a managing director of Green Giraffe Advisory and co-heads the Hamburg office
Since joining Green Giraffe in 2015, he has advised on multiple sell-side and buy-side equity transactions, as well as debt raises and provided commercial contracting advice for complex energy transition projects at different development stages and in different countries. He is also providing advice on tenders and renewable energy offtake solutions
Amongst others, he has led the debt raise for the 1.2 GW Baltic Power offshore wind project in Poland (ongoing) and debt finance for an innovative geothermal project, supported developers in offshore wind tenders and headed the M&A transactions for the offshore wind projects TWB II (200 MW, DE, 2017), Global Tech I (400 MW, DE, 2020), and Gode Wind I (347 MW, DE, 2018) as well as the development, structuring and sale of a Polish 350 MW offshore wind project to RWE. He also supervised the M&A transaction leading to the creation of Alterric (JV ENERCON & EWE) and is contributing to establishing a new green hydrogen economy
Before joining Green Giraffe, Udo worked in the infrastructure finance and renewables team of PwC for 14 years advising investors, developers and industry players on several onshore and offshore wind projects as well as infrastructure and public private partnership projects globally
Udo holds a bachelor of business in finance from the University of Technology, Sydney, and graduated from Hamburg University with a degree in economics
Credentials – Relevant projects
Latest insights
- We won the Inspiratia Energy Transition Award 2024 for Best Financial Adviser – Renewables! Details
- Green Giraffe and Pekao Investment Banking advise on EUR 4.4 bn non-recourse financing of the Baltic Power offshore wind project Details
- Offshore wind – Auction designs and why PPAs are only second best Details
Managing Director – Head of Green Giraffe Advisory London
Clément Weber
Wind Power List 2026
Clément is a founding partner of Green Giraffe Advisory. Based in London, where he established the firm’s office in 2011, he brings extensive expertise across the offshore and onshore wind sectors, advising on both equity and debt financing. Between 2017 and 2019, he led the Paris office before returning to London to support the firm’s continued growth.
He is a recognised thought leader in renewable energy and a frequent speaker at industry events, offering strategic perspectives on bankability, market dynamics, and commercial positioning for clients across the energy transition.
His transaction experience includes:
- Pioneering floating offshore wind and platform development: Clément specialises in structuring and financing floating offshore wind platforms and development funding across Europe, APAC, and the US. This includes successfully closing six development funding transactions for major floating projects (up to 1,000 MW) and leading Series B equity raises and tender mandates for pioneering technology developers
- M&A and strategic mandates: He has led multiple sell-side M&A mandates for offshore wind developers and oversaw the sale of a significant onshore wind portfolio. He also provides high-level counsel, having advised major utilities on strategy and intelligence and developed Green Giraffe Advisory’s offtake advisory capabilities, procuring renewable electricity across Europe for a major international corporation
- Benchmark project financing: His track record includes structuring complex debt deals and refinancing mandates for major European offshore wind assets. This expertise spans non-recourse debt and mezzanine financing for benchmark projects up to 367 MW (Walney) and 309 MW (Rentel)
Before founding Green Giraffe Advisory, Clément worked in project finance at Dexia in Paris (2008 – 2010), preceded by a tenure with the Agence Française de Développement (AFD) in Beijing (2006-2007). He is a graduate of École des Ponts ParisTech and holds an MSc in Project Finance from Université Paris X.
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Managing Director Utrecht
Barbara Zuiderwijk
Tamarindo Women in Power list 2024
Barbara is a founder of Green Giraffe Advisory. She has a strong track record in the contracting and financing of onshore and (offshore) wind farms in Northern Europe
Barbara supported the development, contracting, and (re)financing of Northwind (216 MW, Belgium, 2012), Gemini (600 MW, the Netherlands, 2014), Veja Mate (402 MW, Germany, 2015), Norther (370 MW, Belgium, 2016 and 2020), Windpark Fryslân (383 MW, The Netherlands, 2019), Baltic II & Co (1.5 GW, Poland, 2019), Windpark Zeewolde (322 MW, The Netherlands, 2020) and Deutsche Bucht (252 MW, Germany, 2021). She has been supporting consortia participating in several European offshore wind tenders as well as having been involved in other technologies such as the ground-mounted solar farm Duurkenakker (64 MWp, The Netherlands, 2020)
She is currently involved in raising financing for a portfolio of projects that combine on-site renewable energy generation with electric vehicle charging infrastructure and battery storage
Before founding Green Giraffe, Barbara worked at the project developer Econcern, and as investment banking trainee at ABN AMRO
Barbara is recognised in the top 100 most influential female business leaders in the 2024 Women in Power list
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Managing Director Paris
Daniel Marshall
- 10 years with Barclays working in power, utilities and infrastructure
- 4 years living in Johannesburg, working across the Sub-Sahara Africa region
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Managing Director – Head of Germany Hamburg
Kai Leverköhne
Kai is a Managing Director at Green Giraffe Advisory and heads the Hamburg office. He brings almost 20 years of experience in the energy transition and renewable energy finance.
Since joining Green Giraffe in 2019, Kai has led numerous landmark transactions in the offshore and onshore wind, solar PV, EV charging and battery storage sectors. Kai’s most recent achievement includes supervising the major corporate refinancing of EUR 435 M for EEW Group.
He has led several financings in the offshore wind space for Global Tech I, Baltic Power or Veja Mate, whilst also being active on the buy- and sell-side for offshore and onshore wind farms, solar PV platforms, EV charging, grid infrastructure, and BESS assets.
Prior to joining Green Giraffe Advisory, Kai spent 11 years at Deutsche Bank’s infrastructure and energy team (part of 18 years total at the bank), where he structured Europe’s largest solar PV project bond (€404M, Spain, 2016).
Kai has a Master’s degree in Business Administration from the University of Hamburg and studied at Aarhus Business School.
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Senior Director – Head of Africa Cape Town
Frederico Sanches
Offshore wind | Onshore wind | Solar PV | Hybrid technologies
Frederico has focused on complex and cutting-edge transactions. He has led transactions in tender support as well as debt and equity raising globally with a recent focus on emerging markets particularly in South Africa and the broader African continent
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Senior Director – Head of Australia Sydney
Marcus Dixson
Onshore wind | Solar PV | BESS & grid | Offshore wind | Hydrogen & e-fuels
Debt advisory | M&A: sell-side and buy-side | Tender support
Marcus heads the Australian office. He has experience leading debt and equity transactions across Australia and the UK. Before joining Green Giraffe Advisory, he spent 6 years at IDCM, a debt boutique in London. Prior to that he was at EY
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Senior Director – Head of Japan Tokyo
Jun Kasamatsu 笠松 純
Jun is in charge of leading and managing the Tokyo office. With over 20 years of experience in renewables and investment banking, he has contributed to the development and realisation of more than 50 utility-scale renewable energy projects totalling more than 1 GW of installed capacity in Japan
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Senior Director – Head of UK and Ireland London
Yusuf Thanawala
Yusuf Thanawala is a Country Manager UK & Ireland at Green Giraffe Advisory, responsible for leading and expanding the firm’s UK franchise. He brings more than 20 years of experience in investment banking and corporate finance, including over a decade focused on the energy transition, renewable energy and power infrastructure sectors.
Yusuf has advised developers, infrastructure investors, private equity sponsors and strategic corporates on a broad range of transactions across solar PV, battery storage, onshore and offshore wind, EV charging, smart metering, biogas, district energy and grid infrastructure.
His experience spans IPP platform sales, portfolio disposals, minority and majority stake investments, growth capital raises, acquisitions and strategic partnerships across the UK, Europe and the Middle East.
Prior to joining Green Giraffe Advisory, Yusuf was a Director at Akereos Capital, where he played a leading role in building the firm’s M&A advisory franchise and advising on numerous landmark energy transition transactions across Europe.
Previously, Yusuf spent almost a decade at HSBC in the Power, Utilities and Renewables investment banking team in London and Dubai. He also worked at Credit Suisse in the European Energy team, advising clients on M&A, IPOs, equity raisings and acquisition financings across Europe, the Middle East and emerging markets.
Yusuf holds an MBA in Finance and a Master of Commerce degree from the University of Mumbai.
Senior Director – Head of Singapore Singapore
William Jackson
Will is a Director and Head of Singapore office. He has worked on transactions and tenders across four continents, with a particular focus on offshore wind. Prior to joining Green Giraffe Advisory, Will worked at the oil & gas team of Continental AG, a multinational engineering firm
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Senior Director – Head of Southern Europe Madrid
Raúl Santos Chozas
Solar PV | Offshore wind | Onshore wind | Hydropower | Hybrid technologies | Heat
Debt advisory | M&A: buy-side and sell-side | Tender support | Equity raising | Strategy
Raúl leads Green Giraffe Advisory’s commercial operations in Southern Europe. He brings over 15 years of experience advising clients on energy transition transactions, with a strong focus on debt structuring, M&A and financing. Prior to joining Green Giraffe, Raúl spent 3 years at Astris Finance, and previously held roles at BBVA and ACS.
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- Spain’s sleeping giant: Biogas, bureaucracy, and that Dutch blending obligation Details
- Navigating Spain’s dynamic energy market: Unlocking value and opportunities for investors and developers Details
- Raúl Santos Chozas joins Green Giraffe Advisory’s Madrid office to drive green ambitions forward Details
Senior Director Utrecht
Jakob Bergvelt
Jakob Bergvelt is a Senior Director at Green Giraffe Advisory, with 14 years of expertise in renewable energy finance. He has been a driving force behind the execution of landmark offshore wind, onshore wind, and solar PV transactions across Europe.
Specialising in complex debt-raising and investment strategy, Jakob has guided clients through large-scale financial closings and competitive tender processes. His expertise spans the full project lifecycle, including advising consortia on bid structuring in the Netherlands, Germany, Belgium, and Poland.
Most recently, Jakob led the financing for the 1.14 GW Baltic Power offshore wind farm in Poland – one of the world’s largest – successfully reaching financial close for Northland Power and ORLEN. His extensive track record also includes milestone projects such as Gemini, HKZ 1&2, Norther, Zeewolde.
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Director Madrid
Ramona Kammerer
Ramona brings expertise across a broad spectrum of transactions, including early-stage equity fundraisings, corporate and asset-level M&A on both the buy-side and sell-side, competitive tender processes, and debt advisory mandates such as greenfield financings and refinancings. Her work is primarily focused on Europe
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Senior Director London
Michael Ware
Michael has been leading several deals, in particular in waste-to-energy, anaerobic digestion, solar and battery energy storage. Michael has a high profile in the renewable energy industry due to his work in the media and his role as part-time writer for the Spectator magazine
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Director Hamburg
Felix Schmitt
Offshore wind | Onshore wind | Solar PV | BESS & grid
M&A: sell-side and buy-side | Debt advisory | Tender support
Felix is a project manager in the Hamburg office. He has more than 12 years of track record in renewable energy M&A, finance and structuring
Before joining Green Giraffe Advisory, he worked in various commercial and management roles at UKA, Prime Capital and DZ Bank
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