Project Finance Brief: Capital Energy Secures €165 Million for Solar and Wind Projects
Umbrella Solar Investment secures debt financing for 212 MW of solar project
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Capital Energy, a Spanish energy company, raised financing of €165 million (~$167 million) for 206 MW solar and wind projects from MEAG, an asset manager of Munich Re and ERGO. Capital Energy plans to allocate new project finance to five renewable facilities, comprising four wind farms, one of which is operational, and one solar project. The wind projects have a total capacity of 198 MW, and the solar project is of 8 MW capacity.
