BlackRock Actual Property refinances 186-MW photo voltaic portfolio in Taiwan

April 14 (Renewables Now) – BlackRock Actual Property has obtained TWD 9.4 billion (USD 327.5m/EUR 300.4m) in debt to refinance a 186-MW portfolio of photo voltaic belongings in Taiwan.

The refinancing deal was introduced on Wednesday by legislation agency Linklaters, which acted as authorized advisor to the lending consortium.

Underneath the transaction, BlackRock Actual Property has secured an 18-year inexperienced mortgage facility from a tie-up of Taiwan-based Financial institution Sinopac and ESun Business Financial institution, Australia and New Zealand Banking Group, BNP Paribas, Commonplace Chartered Financial institution, Sumitomo Mitsui Banking Corp and The Hongkong and Shanghai Banking Corp.

The debt financing might be directed in direction of a portfolio consisting of 42 ground-mounted, floating and rooftop photo voltaic photovoltaic (PV) initiatives throughout Taiwan. The schemes are owned by BlackRock Actual Property’ International Renewable Energy Fund II. The fund is partnering with Taiwan-based New Inexperienced Energy to convey the initiatives from development to operations.

(TWD 1.0 = USD 0.035/EUR 0.032)

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