The net proceeds will be used to repay an existing revolving credit facility. Image: Aquila European Renewables
Renewables investor Aquila European Renewables has secured a €50 million (US$54.7 million) debt facility through a 180MWp solar PV portfolio in Spain.
Aquila European Renewables intended to use the net proceeds from the five-year non-recourse debt facility, with ING Bank NV Sucursal en Espana, to repay an existing revolving credit facility, which will result in available capacity under the revolving credit facility of about €70 million.
(The above content is reproduced from pv-tech，By Simon Yuen）
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