Opdenergy bags EUR 50m in debt for more solar in Spain, US

• Spanish renewable power manufacturer Opdenergy Holding SA has secured EUR 50 million (USD 53.6 m) in debt financing to back the advancement of solar projects in your home and also in the United States.

Two line of credit have been agreed with residential lending institution CaixaBank (BME: CABK), Opdenergy claimed on Thursday. They will be extended under the business's green financing framework and also will certainly enable the issue of documentary credits as well as assurances.

Specifically, the financial debt is expected to be utilized to issue assurances for affiliation and power purchase agreements (PPAs) for projects in the US, as well as for documentary credit scores for properties in Spain, among others.

Consisting of the new facilities, the complete funding under Opdenergy's green framework has actually gone beyond EUR 200 million, the Spanish company noted. The credit limit comply with the pc registry of OpdEnergy's EUR-100-million promissory notes programme on Spain's alternate fixed-income market MARF at end-2021.

"This new financing agreement we have gotten to with CaixaBank will certainly aid us to continue to highlight our role in the tidy power market as well as the value of making investments and also creating projects that have a positive influence on the environment, both nationally and globally," claimed Luis Cid, CEO of Opdenergy