Grupo T-Solar has secured funding of €567.8 million to refinance 23 PV power plants located in Spain, totalling 127MW. Image: Grupo T-Solar
Independent renewable power producer, Grupo T-Solar has secured funding of €567.8 million to refinance 23 PV power plants located in Spain, totalling 127MW.
Grupo T-Solar, which was acquired by I Squared Capital in 2017, raised €34 million in senior secured class A1 bonds, €234.1 million in senior secured class A2 bonds, both due June 2038, as well as a 10-year €299.7 million bank loan. Deutsche Bank and Banco Santander were said to have acted as Mandated Lead Arrangers and Global Coordinators of the issuance.
Grupo T-Solar’s Chief Executive Officer, Marta Martinez said, “We have seen very strong interest in our first green financing among leading banks and institutional investors. This transaction enables investors that share our vision of a more sustainable future to partner with T-Solar in reducing carbon emissions for future generations.”
If you are a solar park owner, investor, or O&M engineer looking for ways to increase the power output of your older solar parks, DSM’s Retrofit AR coating is the turnkey solution for you. To find out how it can maximize power yield and increase your cashflow in 2020, join this webinar, where DSM and its ecosystem partners will discuss all the relevant features of this technology from the perspective of investors, maintenance engineers, and asset owners. The Retrofit AR coating, an offspring of DSM’s industry-leading Anti-Reflective coating, gives older, uncoated solar modules an instant power boost of up to 3%. Application is fast and reliable. Commercially launched in 2019, it has already been applied to 50MWp of installations in Europe, representing a strong vote of confidence for this innovative technology.