Opdenergy has enlisted BBVA to provide an underwriting mandate to finance the development, construction and commissioning of its backlog project portfolio in Spain.
Opdenergy plans to develop and build more than a dozen projects throughout the country, which have a total expected installed capacity of 725 megawatts, representing nearly €500 million ($600 million).
The mandate involves a long-term project finance structure with a group of financial entities led by BBVA, which will act as mandated lead arranger and underwriter.
“Having the support of one of the most important banking institutions in our country endorses our experience and business plan, while highlighting our role as a player in the implementation and development of clean energies, which are so important to face the challenge of climate change,” said Luis Cid, CEO of Opdenergy. “Obtaining these funds will allow us to continue developing projects in Spain, a fact that will undoubtedly boost
