Opdenergy, an independent renewable energy producer, has announced the signing of a financing agreement with BBVA and the European Investment Bank for the construction and commissioning of a solar PV portfolio in Spain totaling approximately 605 MW.
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Opdenergy has closed an underwriting mandate with BBVA for the financing of the development, construction, and commissioning of its portfolio solar projects in Spain, with a total expected installed power of approximately 725 MW for Euro 500 million. Of the total, the energy company indicated that up to Euro 76 million would be allocated to guarantees linked to long-term contracts (PPAs) and up to Euro 20 million to guarantees related to the usual reserve accounts in this type of operation.
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