Spain's Q-Energy wraps up refinancing of 50-MW CSP plant

Ence's Puertollano solar thermal power plant

July 13 (Renewables Now) - Spanish fund manager Q-Energy has refinanced a 49.9-MW concentrated solar power (CSP) plant located in Fuente Palmera, southern Spain.

A structured loan totalling EUR 283 million (USD 335.2m) was provided to Q-Energy’s special purpose vehicle by a bank syndicate consisting of Banco Santander SA (BME:SAN), BNP Paribas SA (EPA:BNP) and CaixaBank SA (BME:CABK), law firm Watson Farley & Williams (WFW) said. WFW advised the lender side in the transaction.

The refinancing operation follows Q-Energy’s acquisition and financing of a 120-MW CSP portfolio of three plants in southern Spain. The fund manager bought that portfolio from Spanish group SENER and UAE’s Masdar last year.

(EUR 1.0 = USD 1.184)

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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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