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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 has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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