Info
Info
Info

BlackRock Real Assets Closes Spanish Solar Debt Investment

News

BlackRock Real Assets has closed a debt investment in an operational solar PV project in the south of Spain owned and operated by Solaria Energía y Medio Ambiente, S.A. (“Solaria"), an experienced international solar developer and operator.

This transaction brings a number of benefits for BlackRock’s institutional clients, including stable, long-term cash flows at an attractive yield underpinned by a fully operational plant with a strong track record. The project also benefits from long-term fixed price operation and maintenance contracts and commercially-proven solar photovoltaics (PV) technology.

Solaria, who currently own, manage and operate PV plants in Spain, Italy, Uruguay, Greece and Brazil with a total generation capacity of more than 70 MW, also provide long-term operations and maintenance for the projects.

Jonathan Stevens, Head of European Infrastructure Debt at BlackRock, said: “We are delighted to have closed this debt investment with Solaria on behalf of our clients. This financing provided an opportunity to extend our investment in the Spanish Solar sector with an experienced partner and at an attractive price."



Info

“The transaction also builds on a successful first half of 2017 for our Global Infrastructure Debt Platform, bringing total assets under management to $6.4bn[1]", Mr. Stevens added.

Arturo Díaz-Tejeiro, CEO at Solaria, said: “Working hand in hand on a debut issuance with such a rigorous investor as BlackRock was not just a challenge but also a great pleasure and privilege. The placement of the notes is a major milestone for Solaria. We have been able to restructure and extend the duration of a big part of our debt as well as improving company financials."

“Solaria can keep on pursuing its plans of increasing consistently the size of its generation perimeter", Mr. Díaz-Tejeiro added.



Africa’s Largest Telco Partners With Fenix International To Launch Off-grid Solar In Zambia
UK Touching 13 GW Of Solar Power Installed
Imec Reports Record Perovskite Conversion Efficiency
ABB Wins $30 Million Order To Support Integration Of Renewables In Germany
BayWa R.e. Success In Malaysia’s First Ever Large Scale Solar Auction
KACO Sells 1.4 Gigawatts Of Inverter Power In The First Half-year
More Praise For SOLARWATT As Experts Award Top Rating For PV Panels
TrinaBESS Achieves More Than 1000 Sets Of TrinaHome Shipment In First Half Of 2017
Sunseap Group Receives Investment From Shell
Ascent Solar Delivers First Shipment Of Thin-Film Modules For High Altitude Aerospace Application
Cubico Raises US$ 450 Million In Debt For 600 MW Projects In Mexico
SFS Program Allows For Energy Storage Without Capital Investment
Greencoat Renewables Raise €270 Million Through Irish IPO
Toshiba Introduces Enterprise-Class SSDs With 64-Layer 3D Flash Memory
Rochester Group Uses III-V Nanowires To Capture More Solar Energy
Managing Board Of SMA Solar Technology Raises Forecast For Current Fiscal Year
BlackRock Real Assets Closes Spanish Solar Debt Investment
Ireland's National Mitigation Plan - A Disconnected Plan For An 'All Of Government Approach To Climate Change'
BYD And KOSTAL Partner To Provide High Voltage Energy Storage – Simply Smart Connected
Power Specialist Smith Brothers Sets Its Sights On Solar
Feature: The Future Of Renewable Energy Finance Investment
Cubico Completes Acquisition Of 2 Concentrated Solar Power Plants In Spain
Mongoose Energy Announce UK’s Biggest Community Energy Deal
Schneider Electric India Commissions 720 KWp Solar Plant At Its Manufacturing Facility In Vadodara

Info
Your First Name
Your Email Address
Next »Close
 
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar Magazine, the Solar Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info