Advising ILOS Projects on the upsizing of its credit facility with EIG and La Caisse

The increased commitment builds on deployment under the initial EUR250m tranche provided by EIG and reflects continued investor support for ILOS’s platform, portfolio quality, and execution capabilities. The expanded facility will support ILOS’s plans to develop and operate more than 2 GW of solar and battery storage capacity across Europe by 2028.

Intended to provide flexible capital for construction equity and the acquisition of ready-to-build assets, the facility is expected to enable ILOS to advance its growth as a pan-European IPP. ILOS will continue to focus on core markets, including Ireland, the United Kingdom, Italy, and Germany.

A&O Shearman had previously advised ILOS on its initial financing.

ILOS Projects, headquartered in Karlsruhe, is an emerging Independent Power Producer (IPP) dedicated to accelerating the transition towards a low-carbon energy system through the development, construction, and operation of photovoltaic projects across Europe. As a strategic platform of BNP Paribas Asset Management Alts (BNPP AM Alts), a global leader in alternative investments with EUR300 billion of assets under management, and Europe’s leading alternatives asset manager with a strong track record in infrastructure investment and a 60% majority shareholder in ILOS, the company benefits from long-term capital, deep sector expertise, and a disciplined investment approach.

The international A&O Shearman team was led by counsel Dr. Jan-Hendrik Bode (partner effective as of May 1, 2026) and further comprised partners Thomas Neubaum (both Banking and Finance), Dr. Heike Weber (Tax), and Dr. Stefan Henkelmann, counsel Jens Nollmann (both Capital Markets), senior associates Can Altan (Banking and Finance) and Martin Schmidt (U.S. Corporate Finance), as well as Dr. Janka Reinhardt (Tax, all Frankfurt). Further advice was provided by lawyers from A&O Shearman offices in the U.S., London, and Luxembourg.