Aquila Clean Energy has concluded a EUR1 billion (US$995.6 million) financing for the development of 2.5 GW of renewable energy projects in Spain and Portugal over the next three years. The projects will be installed in the regions of Castilla y León, Comunidad Valenciana, Andalucía, Cantabria, Castilla-La Mancha and Murcia, in Spain, and Setúbal, Coimbra, Evora, Leiria, in Portugal.
The pipeline includes around 50 solar photovoltaic (PV) and onshore wind projects with a combined power generation capacity of 2.6 GW, which is equivalent to the annual electricity consumption of approximately 1.4 million households. These projects are anticipated to generate 5.3 TWh per year.
Santander worked as the Security and Facility Agent. NatWest served as the Documentation Agent, while KfW IPEX-Bank operated as the Hedging Documentation Agent. Additionally, BNP Paribas, ING, Intesa Sanpaolo, and Banco Sabadell backed the facility. CMS and White & Case represented the debtors and lenders, respectively. Glas SAS acts as Administration Agent.
Country updates
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September 08, 2022
Shell, Green Tie Capital to jointly develop 2 GW of Spanish solar PV projects
Royal Dutch Shell and Green Tie Capital have signed a framework agreement to develop over 2 GW of solar photovoltaic (PV) projects to be installed throughout the regions of Spain. Some of the p...
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September 02, 2022
Smartenergy buys majority stake in solar developer Rewatt
Smartenergy has signed an agreement to acquire a majority stake in Rewatt, a solar development company based in Portugal. Rewatt has already been developing self-consumption solar rooftop solut...
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September 02, 2022
Greenalia plans to develop 18 MW wind project in Galicia
Greenalia plans to develop the 18 MW Cabanelas wind project located in the region of Galicia, northwestern Spain. The EUR14 million (US$14 million) project will feature four 90-meter-tall turbines ca...
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September 01, 2022
Capital Energy plans to develop 20 MW wind project in Navarre
Capital Energy has announced its plans to build the 20 MW Joluga wind project located in the municipalities of Eslava and Ezprogui in Navarre, Spain. The wind farm will utilize five 4 MW wind tu...
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August 30, 2022
Naturgy starts commercial operation of 35.2 MW Torozos II wind project in Valladolid
Naturgy Energy Group SA has started the commercial operation of the 35.2 MW Torozos II wind farm located in the municipalities of Velilla, Berceruelo, Villasexmir and Torrelobatón in Valla...
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