UrbanVolt, the Irish-based solar-as-a-service company, has completed a significant refinancing with global bank HSBC. In May 2022, UrbanVolt announced a €36 million loan facility, including a €30 million seven-year loan from PCP, a Swedish credit fund. The other €6 million came from existing funders BVP and Beach Point Capital. Beach Point Capital is also understood to have exited. Five months later, it raised a further €30 million debt facility from Dublin- and Zurich-based Solas, before the following year taking in a €26 million equity investment from Verdane. Oslo-based Verdane, a specialist investment firm, bought out previous investments by ISIF and…
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