Marguerite fund buys stake in 100 MWp of Spanish solar projects
Feb 20, 2019 16:24 CESTFebruary 5 (Renewables Now) - London-based renewables investor Cubico Sustainable Investments said today it has reached financial close for the 22.6-MW Avalades and Ferreiras solar photovoltaic (PV) plants in southern Portugal.
Cubico has raised EUR 65 million (USD 74.2m) in non-recourse project finance debt for these assets. Moreover, it has secured an additional EUR 20 million for a 6.8-MW project in southern Portugal that will be acquired upon fulfilment of an undisclosed condition.
“We look forward to further acquisitions in the coming period,” commented David Swindin, Head of EMEA at Cubico.
The investor bought the Avalades and Ferreiras assets recently from a company backed by Glennmont Partners. Both plants benefit from feed-in tariffs awarded in 2011.
(EUR 1.0 = USD 1.142)
Marguerite fund buys stake in 100 MWp of Spanish solar projects
Feb 20, 2019 16:24 CESTBayWa r.e. pushes into Iberian solar, wind market
Feb 19, 2019 14:46 CESTWeekly renewables M&A round-up (Feb 4-10)
Feb 11, 2019 14:33 CESTRound-up of renewable energy PPA news (Jan 28-Feb 10)
Feb 11, 2019 10:15 CESTAudax targets power from 708 MW of WElink-built solar plants in Portugal
Feb 08, 2019 14:28 CESTSwiss co Edisun Power buying 49-MW solar project in Portugal
Feb 07, 2019 9:32 CEST