Spain debt

Opdenergy goes into debt 50 million euros for more solar energy in Spain and the United States

June 3 (Renewables Now) — Spanish renewable energy producer Opdenergy Holding SA has secured €50 million ($53.6 million) in debt financing to support the development of solar projects in the country and in the states -United.

Two lines of credit have been agreed with national lender CaixaBank (BME: CABK), Opdenergy announced on Thursday. They will be extended as part of the company’s green financing and will allow the issuance of documentary credits and guarantees.

Specifically, the debt is expected to be used to issue guarantees for interconnection and power purchase agreements (PPAs) for projects in the United States, as well as for documentary credits for assets in Spain, among others. .

Including new installations, total funding under Opdenergy’s green framework exceeded 200 million euros, the Spanish company noted. The credit lines follow the register of OpdEnergy’s 100 million euro promissory note program in the Spanish alternative fixed income market MARF at the end of 2021.

“This new financing agreement we have entered into with CaixaBank will help us continue to highlight our role in the clean energy industry and the importance of making investments and developing projects that have a positive impact on environment, both nationally and internationally,” said Luis Cid, CEO of Opdenergy.

(1.0 EUR = 1.071 USD)

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