EDP Renováveis executes project finance for 57 MW in Belgium
Madrid, July 30th 2012: EDP Renováveis, S.A. (“EDPR”) executed a project finance structure agreement with two European banks for 57 MW in Belgium.
The long-term contracted debt facilities amount to €46 million and the transaction financial close is expected to occur until the end of the third quarter of 2012.
The 57 MW comprises three wind farms in operation in Belgium in the region of Walloon, with 47 MW installed in 2008 and 10 MW installed in 2009, and all the capacity has a long-term PPA in place.
EDPR continues to diversify its funding sources on the back of top quality projects and access to local project financing at a competitive cost. In 2012, EDPR already closed project finance agreements in the amount of €223m.