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
