Opdenergy, an independent renewable energy producer, has signed a green financing agreement of €350 million (~$356.4 million) with BBVA and the European Investment Bank (EIB) for the construction and commissioning of 605 MW of a solar PV portfolio located in Spain. The project falls under the green financing framework of Opdenergy, which was announced last year with a Second Party Opinion by Mercados Aries, having a tenor of between 18 and 18.5 years and includes a senior debt principal amount of €301 million (~$306.8 million), a €29 million (~$29.56 million) PPA guarantee line and a credit line facility of €17 million (~$17.33 million) to cover six months debt service reserve account.