Macquarie Asset Management has closed a EUR43 million (US$49.74 million) debt investment in a concentrated solar power plant in Spain owned by Q-Energy.
The bespoke, long-dated, debt financing provided by Macquarie’s Green Energy Debt Fund and other managed funds was negotiated on a bilateral basis with Q-Energy. The investment has been made by funds managed by Macquarie Asset Management on behalf of institutional investors and builds on previous financing agreements with Q-Energy, including a EUR90 million (US$104 million) debt investment in a 120 MW portfolio of concentrated solar power plant announced in June.
The 50 MW capacity parabolic trough solar plant is located in Andalucia. Operational since 2012, the solar plant produces enough electricity each year to power the equivalent of more than 34,000 homes and avoid 45,000 tonnes of carbon emissions.
Country updates
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September 28, 2021
Final close achieved for Foresight energy fund
Foresight Group (Foresight) has held the final close of the Foresight Energy Infrastructure Partners (FEIP) fund with total commitments of EUR851.4 million (US$997.7 million), which is 70% over the EU...
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September 27, 2021
Iberdrola commissions 40 MW Aranuelo III solar project in Romangordo
Iberdrola has commissioned the 40 MW Arañuelo III photovoltaic plant, Spain's first photovoltaic project to feature a storage system, a 3 MW battery with 9 MWh of storage capacity. Installed i...
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September 21, 2021
EDP Renewables signs a PPA for 127.5 MW with Procter & Gamble
EDP Renewables (EDPR) has secured a 15-year Power Purchase Agreement (PPA) with Procter & Gamble (P&G) for 127.5 MW from two wind parks located in Spain. The agreement will avoid over 130 tho...
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September 21, 2021
Statkraft divests four solar parks in Cadiz
Statkraft has entered into an agreement to sell its portfolio of four co-located solar parks in Cadiz, Southern Spain, to London-listed investor, TRIG, which is managed by InfraRed Capital Partners an...
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September 20, 2021
IFM cleared to buy 22.7% stake in Naturgy
The acceptance period has started for the partial voluntary public takeover offer made by IFM GIF, as advised by the Australian global fund manager IFM Investors, for a maximum of 220,000,000 shares i...
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