Prime Capital and Fuyo General Lease have closed a €46m debt financing for the construction and operation of a 250MW solar portfolio in Spain owned by ABEI Energy.
The investors reached an agreement and closed the HoldCo debt financing for five solar projects located in the provinces of Cadiz (Andalucia), Valladolid and Zamora (Castilla-Leon).
These projects are expected to be fully operational by the beginning of 2026.
The funds have been provided in full by funds managed by Prime Capital and Fuyo General Lease.
“This agreement reinforces ABEI’s commitment to become an important IPP, following its long-term strategy of improving the company’s standing and balance sheet by having operational assets.
“We are proud to be partnering with Prime Capital AG as a leading investor in European renewables, and deeply honoured to have attracted capital from a renowned institutional investor from Japan” says Ivan Barahona Leon, COO of ABEI Energy.
Yuto Kanai, Head of European Renewable Energy Investment at Fuyo Lease Europe, added: “We are delighted to support ABEI Energy on its way to becoming a leading Independent Power Producer.
“European renewables are a major asset class for us, and we are proud to have achieved this important milestone together with our new partners”.
“The transaction is a significant step for us: Our first collaboration with a major investor from Japan, our third solar PV HoldCo financing in Spain, and an infrastructure debt track-record of more than EUR 1.3 billion,” said Stefan Futschik, Head of Private Debt at Prime Capital.