IGNIS Secures $357 Million Financing for Solar Projects in Spain
The loan will allow IGNIS to finance projects up to 500 MW of capacity
September 18, 2023
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IGNIS, a vertically integrated renewable energy company, closed on debt financing amounting to €335 million (~$357.47 million) for developing solar projects in Spain. The loan was led by Deutsche Bank, which also acted as the sole underwriter, with the participation of Rabobank, ABN Amro, and Triodos Bank. IGNIS was advised by Cuatrecasas and the financial institutions by Clifford Chance.
