Banco Bilbao Vizcaya Argentaria has given a €38m green loan to Solarpack via a special purpose vehicle, to create a 54MW solar plant in Spain.
The loan for the construction, development and operation of the project currently in ready-to-build status in Murcia, was structured as a green facilities agreement.
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Solarpack is a multinational group of companies specialising in the development, financing, construction, operation and management of utility scale solar photovoltaic power plants, with a presence in fast-growing markets in Europe, the Americas, Asia and Africa.
The WFW Madrid Finance team advising BBVA on the deal, led by partner Rodrigo Berasategui.