POWER Magazine•about 1 month ago
Bank Consortium Closes $160M Financing for Spanish Wind, Solar Portfolio
- •A consortium of NORD/LB, Rabobank, and Siemens Bank closed a €135M ($160M) financing package for a 199-MW portfolio of three wind and two solar farms in Aragón, Spain.
- •The renewable energy portfolio was acquired by ENCAVIS, a leading pan-European independent power producer (IPP), indicating ongoing M&A activity and consolidation in the European renewables sector.
- •This significant financing demonstrates strong investor confidence and continued capital availability for large-scale, diversified renewable energy projects, which is crucial for developers seeking funding.
policy