Macquarie's MIDIS closes investment in 13.6 MWp of Spanish PV farms

Solar array. Author: David Goehring. License: Creative Commons

September 4 (Renewables Now) - Macquarie Infrastructure Debt Investment Solutions (MIDIS) announced Wednesday it closed a debt investment in a 13.6-MWp portfolio of six operational solar photovoltaic (PV) farms in Spain.

The investment platform of Macquarie Group Limited (ASX:MQG) deployed EUR 38 million (USD 41.9m) to refinance the portfolio’s existing debt with 21-year, amortising, floating rate, senior secured bonds. The debt issuer is European renewables investor Qualitas Energy (Q-Energy), the owner and manager of the Spanish portfolio. The solar farms are located in the south-east of Spain.

MIDIS said it had completed the transaction with Q-Energy on a bilateral basis. Spanish lenders Banco de Sabadell SA (BME:SAB) and Banco Santander SA (BME:SAN) served as arrangers, while Goldman Sachs International provided the interest rate hedging to the issuer.

(EUR 1.0 = USD 1.10)

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Sladjana is the newest addition to the Renewables Now team. She has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry.

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