TGC announces the close of its investment in Faradae SAS, marking its first investment in Europe.

WESTPORT, Conn., April 25, 2023 /PRNewswire/ — True Green Capital Management LLC (“TGC”), a renewable energy infrastructure investment firm, is pleased to announce the recent closing of a controlling investment in Faradae SAS (“Faradae”), along with project capital, to support the company’s growth in the French distributed solar market. Faradae is an independent renewable power producer based in Lyon, France, that targets French real estate investment trusts (“REITs”) and other corporate customers for solar installations. Equity financing for this milestone investment, TGC’s first in Europe, was provided by TGC’s fourth fund, True Green Capital Fund IV, L.P. (“Fund IV”).
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