CIP inks holdco loan to Capital Energy to back 1 GW of wind in Spain

Capital Energy wind park construction.Image by (https://capitalenergy-group.com)

June 28 (Renewables Now) - Danish investment firm Copenhagen Infrastructure Partners P/S (CIP) said that its Green Credit Fund I had signed a agreement to provide a EUR-70-million (USD 74m) holdco loan facility to Spanish renewables developer Capital Energy to support its wind projects in Spain.

Capital Energy will use the financing to cover development expenses and construction equity of a 1-GW portfolio of onshore wind farm projects across Spain, and move forward toward its goal to become an independent power producer.

The projects are in late-stage development, with construction and operation expected to start between 2023 and 2025, CIP said.

The transaction represents the first investment made by CIP’s newly-established Green Credit Fund I.

Capital Energy is said to have around 30 GW of wind and solar energy projects in the development portfolio in Spain and Portugal. It has secured grid access licences for over 8 GW of them.

(EUR 1.0 = USD 1.058)

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