March 28 (Renewables Now) – Spanish photo voltaic vitality outfit Energia Inovacion y Desarollo Fotovoltaico SA (BME:EIDF) stated on Monday that it has reached an settlement with Hamburg-based funding fund IKAV to safe financing for a 48-MW portfolio of 30 PV initiatives in Spain.
IKAV, by means of IEI II International Infraestructure Investments, will contribute EUR 13 million (USD 14.3m) and take a 9% stake within the Spanish group’s unit EiDF Generacion. EiDF Generacion is a holding firm that controls 9 particular objective automobiles that personal the photo voltaic initiatives within the portfolio, EiDF stated in a bourse submitting.
The 30 initiatives shall be EiDF’s first photo voltaic farms.
The settlement may additionally see IKAV participate in an upcoming portfolio of fifty MW price of initiatives, the Spanish agency stated.
EiDF constructed its identify as an installer of photo voltaic self-consumption energy programs for company prospects. Final yr, it ramped up its plans for vertical integration by strengthening the facility technology unit EiDF Generacion and adding energy retail to its providing.
The electrical energy from the brand new photo voltaic farms that EiDF will construct and function shall be offered by means of the corporate’s retail enterprise, EiDF stated.
The corporate added that it has over 1,000 MW of initiatives within the pipeline, and is analysing funding alternatives to increase it.
(EUR 1.0 = USD 1.098)
