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.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
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.