Hamburg, Germany [RenewableEnergyWorld.com] Epuron GmbH has concluded the financing for its El Calaveron project, one of the world’s largest solar photovoltaic power plants, and sold it to investors. Debt capital was provided by Dexia, HSH Nordbank and Dresdner Kleinwort. The equity capital was placed with the lead investor Impax Asset Management, among others.
Epuron’s El Calaverón project is located in the Spanish region of Castilla-La Mancha. The project stretches over an area of 100 hectares (247 acres). The plant’s 96,000 polycrystalline solar modules, which are installed on double-axis tracking systems from Conergy, will produce roughly 40,000 megawatt-hours (MWh) of electricity annually.
“Large scale photovoltaic power plants in Spain are a great long term infrastructure investment opportunity. Key for us is the tariff, good equipment partners and good finance in this market. El Calaverón from Epuron brings all these benefits and we hope it is the start of a longer term partnership in the sector,” said Peter Rossbach, Director, Impax Asset Management.