Capital Energy secures funding facility for 202-MW wind, solar portfolio

Spain's Capital Energy SA secured a €50 million bond facility from French asset manager Eiffel Investment Group SAS for a 202-MW portfolio of wind and solar projects.

The portfolio is composed of four onshore wind farms totaling 194 MW in the Spanish regions of Castile and León, Castile-La Mancha and Andalusia; and an 8-MW solar photovoltaic project in Castile-La Mancha, according to a Feb. 21 news release.

When complete, the projects would be capable of supplying nearly 590,000 MWh of clean energy per year, equivalent to the consumption of around 221,000 Spanish households.

Spanish law firm Squire Patton Boggs advised Eiffel Investment Group on the transaction.