to-the-point: Greenalia repays shareholder loan for biomass project

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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)

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