Solarcentury has secured a new EUR54.8 million (US$61 million) banking facility with NatWest and HSBC UK, which will be used to facilitate the construction of two utility-scale solar plants in Spain, with a combined generating capacity of 500 MWp.
The new banking facilities comprise a EUR27.7 million (US$30.8 million) Trade Loan from NatWest and a EUR27.1 million (US$30.1 million) guarantees line from HSBC UK, with both sources of funding supported by UK Export Finance, the UK’s export credit agency. UKEF’s support will allow Solarcentury to access the working capital and bond support needed to fulfil the contracts.
The 300 MWp Talayuela Solar project in Cáceres, Extremadura, which reached financial close in November 2019, will be one of the largest solar projects in Europe when it is fully operational in the second half of 2020. The facility will be capable of producing enough energy to power 150,000 homes every year.
The 200 MWp Cabrera Solar project in Alcalá de Guadaira near Sevilla, comprising four 50 MWp plants, is expected to be completed and connected to the grid by September 2020. It will produce enough electricity to cover the demand from 105,000 households in the region.
Country updates
-
-
January 03, 2020
Kinesis Enerji buys 50 MW Andella wind project in Castilla y León
Kinesis Enerji has acquired the 50 MW Andella wind energy project located in the Castilla y León region. The company and its partner ABO Wind expect to connect the wind farm to the grid in 2022...
Read more -
January 02, 2020
EGPE starts the commercial operations of 34.6 MW Los Arcos wind farm in Malaga
Enel Green Power España (EGPE), Endesa's renewable energy subsidiary, has connected the 35 MW Los Arcos wind farm in Malaga, which has an investment of EUR35.5 million (US$39.8 millions). EGPE...
Read more -
January 02, 2020
Largest PV plant in Europe completed within a year
Iberdrola has completed the construction of the Núñez de Balboa project, the largest PV project in Europe in record time, in one year. The project recently obtained its commissioning per...
Read more -
January 02, 2020
Solaria inaugurates the 110 MW solar PV complex in Castilla y León
Solaria Energía y Medio Ambiente, S.A has inaugurated 110 MW solar PV Complex in Castilla y León, Spain. The PV complex is composed of three PV power plants, “Santiz I&...
Read more -
December 31, 2019
Endesa acquires 1,037 MW PV capacity in Spain
Endesa, through its renewable energy subsidiary Enel Green Power España, and Prodiel have signed an agreement where Endesa acquires 100% of the capital of 13 companies that own 10 photovoltaic...
Read more
