Ellomay Capital Ltd. has conducted a pre-hedge transaction as a protection to the financing for the 300 MW Talasol solar project located in Talaván, Cáceres, Spain. As the facility is nearing financial closing, potential changes in the interest rates are ensured to prevent any material effect on the feasibility.
The transaction, carried out by Talasol Solar SL with Goldman Sachs, entails a fixed for floating interest rate swap in order to lock-in current market floating rates.
Commercial operation is expected in the first half of 2020.
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Ellomay Capital Ltd has signed a 10-year power purchase agreement (PPA) with an undisclosed international energy company for the Talasol solar park in Talavan, Spain. Talasol Solar SL executed a finan...
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