Wednesday, August 10 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Aug 08
Week of Aug 01
Week of Jul 25
Week of Jul 18
Week of Jul 11
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Spain's EiDF secures funding for 19.3 MW of C&I solar

    June 30, 2022 - SeeNews Renewables


      June 30 (Renewables Now) - Spanish developer Energia Inovacion y Desarollo Fotovoltaico SA (BME:EIDF) said that it has signed a financing agreement to bankroll the construction of 19.34 MW of solar self-consumption projects for the commercial and industrial (C&I) sector in Spain.

      The downstream solar player repeated its partnership with renewables-focused fund Sinia Renovables, this time securing EUR 10.9 million (USD 11.4m) between financing and equity to realise 15 installation projects. The parties first transacted in January this year to back 23.6 MW of C&I solar.

      Part of the new agreement includes Sinia taking a 20.66% stake in four special purpose vehicles that own the projects, the EiDF group said.

      EiDF will be responsible for construction, commissioning, maintenance and the supply of power from the on-site solar arrays. The projects are backed by fixed-price power purchase agreements (PPAs) running between ten to 15 years, EiDF added.

      Sinia Renovables is an affiliate of BS Capital, a private equity division of Spanish lender Banco de Sabadell SA (BME:SAB).

      (EUR 1.0 = USD 1.043)


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.