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Greenfield financing for 3 photovoltaic projects in Spain

Greenfield financing for 3 photovoltaic projects in Spain

Investment overview
Industry
Renewable energy
Country
Spain
Rivage role
Structuring role

Rivage was the sole lender in the long-term senior financing of the construction and operation of 3 merchant photovoltaic projects with a capacity of 19, 33 and 38 MW respectively. The projects are located in the Castilla la Mancha region of Spain and share the same evacuation infrastructure.

Investment rationale

Sponsor with 15 years of experience in the development, construction and operation of renewable energy assets.

Conservative structuring and assumptions mean that the project is robust to downside electricity price and solar production scenarios.

Attractive pricing given the risk profile and investment grade rating.

Investment overview
Industry
Renewable energy
Country
Spain
Rivage role
Structuring role
Renewable Energy
Accelerating development of RE amid global energy transition
Top tier contractors
Strong experience and knowledge of the renewable energy sector
Conservative structuring
Increasing the project’s robustness to downside price scenarios

Our long-term infrastructure investments span across Europe