A project finance package was closed for Project Niebla, a 50 MWp solar PV project owned by Finnish investor Taaleri Energia. Voltiq acted as the PPA originator and structurer, and as the financial advisor for arranging the debt package. Project financing will be provided by Spanish bank Banco Sabadell with the loan qualifying as a green loan under the Loan Market Association’s Green Loan Principles.
The Taaleri SolarWind II fund acquired 100% ownership of the Niebla solar plant in November 2021. The project is already under construction and located in the Municipality of San Juan del Puerto in Andalusia, approximately 70 km west of Seville.
The project has a long-term financial power purchase agreement with Centrica Energy Trading to manage the majority of the electricity produced.