AES
Solar,
which
was
formed
to
develop
and
operate
utility
scale
solar
installations,
has
eight
operating
power
plants
in
Spain.
The
new
70
million-euro
non-recourse
debt
facility
is
for
five
of
its
photovoltaic
(PV)
projects
there.
“We
are
encouraged
by
our
ability
to
close
the
financing
in
challenging
credit
markets.
This
accomplishment
is
largely
the
result
of
the
intersection
of
good
projects,
good
banks,
and
good
people
working
hard
on
both
sides
of
the
deal,”
said
Robert
Hemphill,
AES
Solar’s
chief
executive
said.
The
solar
venture
tapped
Italy’s
UniCredit
Mediocredito
Centrale
and
Dutch…
