Aquila European Renewables refinances existing credit facility via 180MWp solar portfolio



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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