OPDE, the Spanish solar developer, has now closed a €100 million project finance deal to build two PV solar plants with a combined capacity of 22MW. The project finance agreement has been signed with investment banks Banco Santander, La Caixa and BBVA.
This deal will allow the company to construct an 11MW plant in Valtierra, Navarra, as well as a comparable site in Tordesillas, Valladolid. OPDE is now one of the largest PV developers in the world, with a 20% market share in ground mounted solar plants and a total of 115MW of solar capacity in Spain over the past five years.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
OPDE director general Ramon Tejadas said, “Cost-effective photovoltaic projects, with predictable cash flows, and companies like group OPDE with solvent and strengthened balance sheets, continue to have important options for financing projects in a difficult financial environment.”
In 2009 OPDE constructed over 28MW in solar plants and plans for the construction of a further 20MW of capacity in 2010.
