A 121 MWp Spanish solar project in Luxcara’s portfolio has issued debt in accordance with the German Investment Ordinance for infrastructure debt.
Luxcara advised on structuring the project financing, which privately placed a mid double-digit million-euro amount of senior secured Schuldschein loans as project bonds with two German pension funds (Versorgungswerke). The financing secures the construction and commissioning of the solar farm Guillena-Salteras in Southern Spain. Equity is provided by a renewable energy fund for institutional investors, which is also advised by Luxcara.
It is the first Schuldschein loan of its kind for a solar project based on a power purchase agreement in Europe.
The solar project Guillena-Salteras is located north of Seville in Andalusia, one of the sunniest locations in all of Europe. The off-taker based on a PPA is Alpiq. With a capacity of approximately 121 MW, the solar plant will provide more than 53,000 Spanish households with renewable energy.
Country updates
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October 11, 2019
Luxcara aquires the 30 MW Utrilla solar project in Spain
Luxcara GmbH has acquired the 30 MW Utrilla solar project in located next to the 45 MWp El Salobral solar project situated next to the solar farm El Salobral, in Espejo, near Córdoba, which has...
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October 10, 2019
VINCI Energies invests in two Spanish subsidiaries of Grupo Solar Lighting
VINCI Energies has acquired two subsidiaries of Grupo Solar Lighting, SISTEM Melesur Energía and SISTEM Infraestructuras y Operaciones EPC. The two subsidiaries deliver engineering, installati...
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October 09, 2019
EGP launches construction of 51 MW wind project in Motilla del Palancar
Enel Green Power España (EGPE), has started construction of its 51 MW wind farm in the municipality of Motilla del Palancar, in Castile-La Mancha’s Cuenca province. The new wind farm, whi...
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October 09, 2019
Solaria to develop 450 MW Trillo solar PV project in Castile-La Mancha
Solaria Energía y Medio Ambiente, SA has obtained approval for the installation of 450 MW photovoltaic at the Trillo 400kV node, located in the province of Guadalajara in the region of Castile-...
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October 02, 2019
Univergy divests 75 MW Spanish solar PV portfolio
Univergy Internacional has sold two photovoltaic projects to Everwood Capital in Seville with a capacity of 75 MW. The projects, acquired by the Fund IV of Everwood Capital, are located in Alcal&aacu...
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