Opdenergy inks refinancing for 111 MWp of solar farms in Spain

Opdenergy solar plant. Image by Opdenergy (www.opdenergy.com)

December 20 (Renewables Now) - Spanish renewable power producer Opdenergy Holding SA has closed a roughly EUR-62-million (USD 70.2m) green loan to refinance 111 MWp of solar plants at home.

The company secured the amount from Spanish lender Banco de Sabadell SA (BME:SAB), Opdenergy said on Friday.

The refinancing comes with a tenor of 18 years.

With this transaction, Opdenergy is refinancing the Los Belos and the Montesol solar parks, each with 50 MWp of capacity, and the 11-MWp El Muelle plant.

Located in Spain's Aragon region, these three PV plants have been in operation since the third quarter of 2020. Together, they are capable of producing more than 205 GWh of clean energy annually, enough to meet the yearly consumption of 62,000 homes in the Iberian country.

Since 2018, Banco de Sabadell has financed 113 projects in the Iberian Peninsula, worth EUR 2.7 billion and representing over 5 GW, the bank's Director of Project Finance, Roger Font, noted.

(EUR 1.0 = USD 1.133)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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