Opdenergy and ING have agreed to green finance the construction and operation of a 167 MW solar photovoltaic (PV) portfolio in Spain with the deal's total value of EUR107 million (US$109 million).
The green financing, which has a Second Party Opinion from Mercados Aries, and the construction phase has a total period of 11 years. It combines long-term senior debt, a PPA guarantee facility, and a debt service reserve account credit facility to meet the debt service obligations.
As a result of this additional finance, Opdenergy moves closer to its goal of 3.3 GW of renewable energy projects in operation and under development by 2025.
Country updates
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August 05, 2022
Greenalia plans 75.6 MW wind projects in Lugo
Greenalia plans to develop two wind farms with a combined capacity of 75 MW in Lugo, Galicia, Spain. The two projects are the 42 MW Restelo and the 33.6 MW Monteiro wind farms. The Re...
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August 03, 2022
Capital Energy plans two 49.5 MW wind projects in Castilla y Leon
Capital Energy has signed a collaboration agreement with the regional government of Castilla y Leon in northwestern Spain for the development of the Hazapierna and Praderas Altas wind projects. Under...
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August 01, 2022
Pontegadea completes acquisition of 49% stake in 127 MW Kappa solar project from Repsol
Pontegadea Group has completed the acquisition of a 49% stake in the 126.6 MW Kappa solar photovoltaic project from the Spanish energy group Repsol SA for a total of EUR27 million (US$27.61 million).&...
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July 26, 2022
Iberdrola, EIB sign EUR550 million green loan for wind, solar construction
The European Investment Bank (EIB) and Iberdrola have agreed to collaborate on the development of new renewable energy capacity in Spain. The EU bank will fund solar photovoltaic plants and wind...
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July 22, 2022
Endesa starts operation of 9.6 MWp solar projects for Incarlopsa
Endesa SA has started the commercial operation of solar photovoltaic (PV) projects with a combined capacity of 9.6 MWp installed in four production facilities of pork meat producer Incarlopsa in Spain...
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