WFW advises BBVA on €38m green loan for Solarpack Spanish PV plant24 July 2023
The loan was structured as a green facilities agreement.
The loan was structured as a green facilities agreement.
This is one of the largest solar portfolio development financings in Germany to date.
This is one of the industry’s longest standing awards, celebrating exceptional talent and achievements across the MENA solar industry.
The portfolio comprises five solar PV plants in Valladolid, Castilla y León, Spain.
The projects are the first solar project development pipeline acquired by EDF in Germany.
Based in Madrid and Bilbao, BBVA is one of the largest financial institutions in the world.
The portfolio comprises six solar PV parks located in Piedmont in northern Italy.
The PV plant is expected to be operational in 2024.
The two plants are estimated to be operational by 2025 and will have a capacity of circa 20.4 MW and 51.2 MW.
The loan will be used to roll-out of the 216 MW portfolio which includes both rooftop and a smaller number of ground mounted plants.
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