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Unquote
  • Infrastructure

SPAIN – N+1-backed Eolia Renovables gets EUR 80m loan

  • Francinia
  • 06 May 2008
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N+1-backed renewable energy specilaist Eolia Renovables has received an EUR 80m loan from Banesto in order to guarantee its operations until 2010.

The company, which has recently desisted in its plans to go public, is to use the financing to purchase aerogenerators for renewable energy farms that are being constructed over the next two years with a capacity of 296.5 MW.

The group currently has 558 MW of wind energy under construction and exploitation in addition to a further 64 MW of solar power. It intends to build a wind power portfolio with a capacity of 736 MW.

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