OPDEnergy closes finance for 150MW of Spanish solar

Facebook
Twitter
LinkedIn
Reddit
Email
Source: Flickr/fdecomite.

Developer OPDEnergy and infrastructure investor Marguerite have closed on financing for 150MW of Spanish solar projects.

A total of €81 million (US$91 million) has been raised for the La Fernandina, Miramundo and Zafra plants in Badajoz, Cádiz and Seville respectively. All three have power purchase agreements in place with Centrica.

This article requires Premium SubscriptionBasic (FREE) Subscription

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

The projects will be operational in 2019 with Marguerite taking an 80% share in each project.

“The signing of these three new project finance deals is an important endorsement of our solvency developing and structuring projects in the photovoltaic market,” said Luis Cid, CEO of OPDEnergy. “We are delighted with the trust placed by top-level banking entities, which is another sign that our projects meet the high quality standards demanded by the market and represent an important vote of confidence for our activity,” added Cid.

Banco Sabadell and Bankinter have provided financing for the 50MW La Fernadina site. Banco Sabadell is the sole provider on the other two 50MW projects.

Read Next

May 24, 2024
Solar project developer Recurrent Energy has secured a €674 million (US$730 million) revolving credit facility to expand its European solar and battery energy storage system (BESS) portfolio.
May 24, 2024
Ørsted has closed a US$680 million tax equity financing with JP Morgan for a solar project, alongside a solar-plus-storage project.
May 22, 2024
Singapore-headquartered solar manufacturer Maxeon has received a notice of non-compliance from the Nasdaq stock exchange for failing to file its financial statements on time.
May 22, 2024
Government has a “significant” role in providing routes to market, according to speakers at Solar Media’s Renewable Energy Revenues Summit.
Premium
May 22, 2024
The global price of silver has continued to rise, with the average price increasing to RMB8,211/kilogram (US$32.03/ounce), a historical high.
May 21, 2024
"Why do my insurance premiums keep rising, even though I haven't had a claim?" The answer lies in the landscape of natural catastrophe risk.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece