Encavis Secures EUR 203M Refinancing for Spanish Solar Parks

• Encavis AG secures EUR 203 million in debt refinancing for Spanish solar parks, paving the way for continued growth in the renewable energy sector.

Encavis AG, a German wind and solar parks operator, has secured EUR 203 million in debt refinancing for its 500 MW of Spanish solar parks. The refinancing agreements are tied to the Talayuela and La Cabrera solar plants, with a lending consortium including ABN AMRO Bank, Cooperative Rabobank, Bankinter, and NatWest Bank Europe.

The deals, structured by Encavis' project finance team, provide EUR 181.5 million in term loans, EUR 13 million in letter of credit facilities, and EUR 8.5 million in debt service reserve facilities. The solar parks were built by Norway's Statkraft A/S and are operated under long-term power purchase agreements.

This refinancing will help Encavis continue its operations in the Spanish solar market and further expand its renewable energy portfolio.

How will Encavis AG's debt refinancing impact its Spanish solar operations?

• The debt refinancing of EUR 203 million will provide Encavis AG with the necessary funds to continue operating its 500 MW of Spanish solar parks.
• The refinancing agreements are specifically tied to the Talayuela and La Cabrera solar plants, which were built by Statkraft A/S and are operated under long-term power purchase agreements.
• The lending consortium for the refinancing includes ABN AMRO Bank, Cooperative Rabobank, Bankinter, and NatWest Bank Europe.
• The structured deals by Encavis' project finance team include EUR 181.5 million in term loans, EUR 13 million in letter of credit facilities, and EUR 8.5 million in debt service reserve facilities.
• This debt refinancing will enable Encavis to not only continue its operations in the Spanish solar market but also to potentially expand its renewable energy portfolio in the future.