Bank Consortium Closes $160M Financing for Spanish Wind, Solar Portfolio

AI Summary

• •A consortium of NORD/LB, Rabobank, and Siemens Bank closed a €135M ($160M) financing package for a 199-MW portfolio of three wind and two solar farms in Aragón, Spain.
• •The renewable energy portfolio was acquired by ENCAVIS, a leading pan-European independent power producer (IPP), indicating ongoing M&A activity and consolidation in the European renewables sector.
• •This significant financing demonstrates strong investor confidence and continued capital availability for large-scale, diversified renewable energy projects, which is crucial for developers seeking funding.
• •The addition of nearly 200 MW of new wind and solar capacity contributes to the growing supply of clean energy, potentially influencing future power purchase agreement (PPA) opportunities for large consumers in the region.

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