Spain's Altano Energy obtains funding for 107 MW of home solar, hydro

Jan 20, 2023 09:47 AM ET
  • Madrid-based renewables platform Altano Energy has actually closed funding for a 107-MW solar and mini hydro portfolio in Spain, it said in a Linkedin post.

The firm claimed it had acquired a long-lasting non-recourse financing of around EUR 90 million (USD 97.4 m) from Santander Corporate & Investment Banking.

"Within the framework of this operation, Altano previously closed a long-term hybrid power purchase agreement (PPA) with Engie España," it is mentioned in the post.

The portfolio has mini hydroelectric stations in operation as well as one solar PV project in the ready-to-build stage. Nothing else information regarding the properties were launched.

Altano Energy is backed by its founder, London-based investment house Pioneer Point Partners. Presently, Altano has more than 350 MW of plants in operation and projects incomplete or advancement covering wind, solar PV, hydro as well as hybrid modern technologies in the Iberian Peninsula, according to the company.

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