September 3 (Renewables Now) - Spanish forestry and energy group Greenalia SA (BME:GRN) said today it has repaid a loan for a 50-MW biomass project that was extended in May by its controlling shareholder.
Noroeste de Inversion y Desarrollo SLU, which controls 72.5% of Greenalia, extended a EUR-1.025-million (USD 1.19m) loan to the company so it could back the development of a biomass project in the town of Curtis-Teixeiro, A Coruna, Galicia. That project reached financial close a couple of months ago.
Greenalia said today that all interest related to the shareholder loan has now been paid.
(EUR 1.0 = USD 1.161)