Macquarie closes debt investment in 120-MW CSP portfolio in Spain
CSP park. Image by Bureau of Land Management.
Australia's Macquarie Group Ltd (ASX:MQG) said today its specialist global asset manager unit has closed a debt investment in a 120-MW operational concentrated solar power (CSP) portfolio in southern Spain.
Macquarie Asset Management, on behalf of its clients, provided a EUR-90-million (USD 109m) investment in the form of bespoke, long-dated, subordinated debt financing.
The portfolio consists of three CSP plants -- the 20-MW Gemasolar tower plant, and the Valle 1 and 2 parabolic trough-type parks, each 50 MW of capacity. All three are equipped with energy storage in molten salts.
The portfolio is owned and managed by Madrid-based investment fund manager Q-Energy, which acquired the facilities last year.
The three plants are located in the region of Andalusia and have been in operation since 2011.