BBVA will lead the financing of 725 MWp of Opdenergy photo voltaic tasks
April 20 (Renewables Now) – Spanish renewable vitality firm Opdenergy Holding SA has chosen lender Banco Bilbao Vizcaya Argentaria SA (BME: BBVA) to guide the financing of the event of 725 MWp of photo voltaic tasks in its house nation.
With BBVA on the wheel, appearing as lead supervisor and mandated underwriter, Opdenergy plans to boost almost 500 million euros ($ 602.3 million) in long-term venture funding. Of this quantity, 76 million euros might be allotted for ensures associated to energy buy agreements (PPAs), whereas as much as 20 million euros might be allotted for ensures associated to order accounts, mentioned the society.
The hope is to finish the financing with a bunch of lenders earlier than the summer season.
Opdenergy would use this cash to finance its tasks within the backlog – specifically, the event and building of 18 photo voltaic parks grouped into 9 clusters in a number of areas of Spain.
An summary of those tasks is introduced within the desk under:
|The Estacion||37.5 MWp||Teruel|
|Los Arcos, Los Cartujos Advanced, Montetorrero Advanced and Centrovia Advanced||325 MWp||Zaragoza|
|Manzanares 1||37 MWp||Ciudad Actual|
|Minglanilla complicated||150 MWp||Cuenca|
|Las Mulas and Las Capillas||75.4 MWp||Zamora|
|Gazules 1 and a couple of||100 MWp||Cadiz|
Funding is topic to frequent circumstances similar to passable due diligence, closing approval by inside committees and the absence of fabric antagonistic modifications.
(1.0 EUR = 1.199 USD)