Everwood Capital has secured EUR25 million (US$30.12 million) financing from Liberbank SA for the development of 50 MW Cartuja solar photovoltaic project in Cadiz, Andalucia, Spain.
The project is developed by ABEI Energy holding a minority stake in the project. Everwood owns 62 % leverage in the project after closing the financing.
ABEI Energy has signed a long-term power purchase agreement (PPA) with Axpo Iberia SL for the 50 MW Cartuja solar PV project. The project is scheduled to be operational by 2021.
Watson Farley & Williams has advised Everwood on this transaction and closed on December 31, 2020.
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