Info
Info
News Article

Macquarie Announces €90 Million Spanish Solar Debt Investment

News

Macquarie Infrastructure Debt Investment Solutions (“MIDIS”) has continued to support the growth of Spain's renewables sector, announcing the close of a €90 million debt investment in a portfolio of solar farms.

The 127 MW portfolio, owned by leading Spanish solar developer Grupo T-Solar, is comprised of 23 ground-mounted solar farms across Spain. MIDIS' investment was made via 18-year, amortising, fixed-rate, senior secured bonds on behalf of its global infrastructure debt strategy. MIDIS was the single-largest lender in Grupo T-Solar's €568 million portfolio refinancing and worked closely together with Deutsche Bank and Santander, Mandated Lead Arrangers and Global Coordinators of the issuance for the sponsor.

Tom van Rijsewijk, Managing Director, MIDIS, said; “We are delighted to be supporting Spain's transition to a new energy mix - partnering with leading sponsors like Grupo T-Solar to provide institutional investors with attractive opportunities in sustainable infrastructure debt. A transaction of this size, with MIDIS as the largest participant, demonstrates continued investor confidence in the market against a backdrop of positive regulatory developments, and MIDIS' strength in the Euro renewables market.”

Manuel Fernández Durán, Chief Financial Officer, Grupo T-Solar, said; “As we lead the development of new green infrastructure around the world, it is vital that we have strong and effective partners to support the execution of our growth strategy. Macquarie has been a constructive partner throughout this transaction, and we trust that this will be the beginning of a long and positive relationship between our two firms.”

Since 2012, MIDIS has invested €2.5 billion of infrastructure debt across more than 35 renewable energy projects with total installed capacity of approximately 12.8 GW.

Electrons In The Fast Lane
Sonnedix Achieves Financial Close For 5.5 MW Of Operational Capacity In The Shimane Prefecture
REC Group Rejects Decision By The Düsseldorf Regional Court On Alleged Patent Infringement Regarding TwinPeak Solar Cells
Delta Uses ON Semi SiC Power Modules
ETRI Develops Eco-friendly Colour CIGS Solar Cells
US Scientists Build Hybrid Solar Energy Converter
Halide Perovskites Love-hate Relationship With The Sun
Singapore Team Develops Highest Power Conversion Perovskite Cells
Record Efficiency For Printed Perovskite Solar Cells
Alectris Partners With Resco For All-in-one Mobile Solar O&M Tracking
FIMER Set To Strengthen Its Position In Global Solar Inverter Market
Solar Arrays To Be Installed For General Dynamics Ordnance And Tactical Systems
Princeton Chemists Discover More About Perovskite Instability
RENA Diversifies With Additive Manufacturing
CIGS: Rock Star Of Photovoltaics?
Scientists Combine Solar And Battery Tech In One Device
BYD Announces Compatibility Of Battery-Box Premium With SMA’s Sunny Boy Storage Line
Sonnedix Acquires Eliantus, A 74.7 MW Solar PV Portfolio In Spain From JZI And Elliott
Eversheds Sutherland Advises On Europe’s Largest Floating Solar Project
First Solar Project Leader Dan Lonetti Joins Burns & McDonnell In Arizona
Japanese Team Achieves High Perovskite Stability And Efficiency
From Perovskites To The TeraWatt Era And A Carbon-free Energy System
Sonnedix Adds 8.2 MW To Its Italian Portfolio
Semiconductor Foundry Joins RE100 And Calls On Peers To Step Up On Renewable Energy

Info
×
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 + Power Magazine, the Solar + Power 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
{taasPodcastNotification}