Soltec signs EUR-100m credit facility

now viewing

Soltec signs EUR-100m credit facility

October 5, 2018 Anand Gupta

AP-bets-on-renewable-energy-to-meet-goals

now playing

ReNew, ACME, and Adani Secure Major Wins in ISTS Solar Power Auction - EQ

October 5, 2018 Anand Gupta

Britain looks to widen renewables support scheme

now playing

Ateios Systems, Hyundai Mobis, ChargePoint, CE-LINK ink renewable energy deals - EQ

October 5, 2018 Anand Gupta

now playing

NTPC Ltd issue Tender for Design, Supply, Installation, Testing And Commissioning of Solar Trees - EQ

October 5, 2018 Anand Gupta

now playing

NHPC issue Tender for Selection of Hybrid Power Developers For Supply of 1200 MW ISTS Connected Wind Solar Hybrid Power Projects on anywhere in India basis under TBCB with Green Shoe Option Tranch - EQ

October 5, 2018 Anand Gupta

now playing

In the Matter of GERC (Conduct of Business) Regulations, 2004 Code of Civil Procedure - EQ

October 5, 2018 Anand Gupta

Petition of BERC (RPO, its Compliance and REC Framework) Regulations, 2010

now playing

In the Matter of 170 MW Wind power from SJVN Ltd. under ISTS including Power Sale Agreement(PSA) - EQ

October 5, 2018 Anand Gupta

now playing

In the Matter of Adoption of tariff for purchase of power through Competitive Bidding Process from 500 MW Grid connected Solar PV Power Projects anywhere in India - EQ

October 5, 2018 Anand Gupta

India added over 2.2GW rooftop solar capacity with Growatt being the No.1 inverter supplier

now playing

Growatt Earns Top Brand PV Awards Across 15 Global Markets in 2024 - EQ

October 5, 2018 Anand Gupta

Using sound waves to turbo charge green hydrogen production

now playing

Green Hydrogen Prices Will Remain Stubbornly High for Decades - EQ

October 5, 2018 Anand Gupta

China’s Solar Giants Say Industry Needs to Fight Cost Inflation

now playing

Import Dependence Of Solar Industry Set To Come-down To 10% by 2030 - EQ

October 5, 2018 Anand Gupta

Soltec signs EUR-100m credit facility

October 4 (Renewables Now) – Spanish solar products maker Soltec Renewable Energies announced today it has closed a EUR-100-million (USD 115m) syndicated credit facility with 11 banks.

The purpose of obtaining this facility is to cover the commercial expansion process that the company initiated in 2014 with the signing of its first supply contract for a large-scale solar plant.

“This credit will allow us to continue supplying solar trackers to our increasing number of PV projects in countries like Brazil, Egypt, or Spain,” Soltec’s CEO, Raul Morales, said.

Banco Santander led the financial deal with advice from PwC. The other 10 banks include Bankia, Bankinter, BBVA, Caixabank, Cajamar CajaRural, Ibercaja, Liberbank, Sadabell, Banco Cooperativo Espanol and Banco Pichincha Espana.

(EUR 1 = USD 1.15)