•  
  •  
  •  

Spain's Q-Energy places bond to refinance 26 MW of PV

Author: EBRD / All rights reserved.

October 25 (Renewables Now) - Q-Energy, the renewables-oriented fund of Madrid-based asset manager Qualitas Equity Partners, has issued a EUR-130-million bond (USD 144.4m) to refinance 26 MW of solar photovoltaic (PV) farms in Spain.

The private placement issuance was subscribed by institutional investors managed by BlackRock Inc (NYSE:BLK), and the bonds are traded on the Quotation Board of the Frankfurt Stock Exchange.

Spain’s Banco Santander SA (BME:SAN) and Banco de Sabadell SA (BME:SAB) acted as arrangers for the issue, the lenders’ advisor Watson Farley & Williams (WFW) said Thursday.

Qualitas Equity has invested over EUR 4 billion in debt and equity in the global solar power sector through its Q-Energy specialist fund. It has also developed over 2 GW of PV and concentrated solar power (CSP) assets worldwide, according to WFW.

Proceeds from Q-Energy’s recent issuance will refinance nine PV farms in the home country.

(EUR 1.0 = USD 1.11)

More stories to explore
Share this story
Tags
 
About the author

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.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription