The three solar PV plants are located in Spain and Portugal with total installed capacity of 63MW, adding a significant number of megawatts to Prosolia’s 200MW portfolio. These projects are a first step within a strategic agreement between Prosolia Energy and Omnes Capital for the development, construction, and operation of a portfolio of utility-scale solar projects of more than 2GW in Europe. The senior debt facilities were provided by Sabadell.
The Spanish project has secured a 12-year tariff through a government-sponsored renewable auction, while the two Portuguese projects will benefit from merchant revenues only. The projects are expected to reach COD during the course of Q1 2023.
Astris acted as exclusive advisor to Prosolia Energy and Omnes Capital on the senior debt raising for this first batch of projects currently being developed by Prosolia Energy. Since 2017, Astris has developed a deep expertise in the Iberian renewable energy sector and has closed over 10 financing and M&A mandates.