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June 18, 2008
Hamburg,
Germany: EPURON GmbH Concludes Financing for El Calaverón
EPURON
GmbH has concluded the financing for El Calaverón, one of the
world’s largest photovoltaic power plants, and sold it to investors.
The subsidiary of the stock-listed company Conergy AG developed,
financed and took over the EPC contracting (engineering, procurement,
construction) for the 21.1 megawatt project.
El
Calaverón
Solar Project |
EPURON
will connect the power plant to the public power grid in Spain
and will transfer the turn key plant to investors this summer.
Debt
capital was provided by the French bank Dexia, HSH Nordbank, as
well as Dresdner Kleinwort. The equity capital was placed with
the British lead investor Impax Asset Management, among others.
“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.
Other
investors include the Spanish project development partner Solar
Value, as well as a private Spanish investor.
"With
our combined financing and development skills EPURON has great
advantages in the market for large scale projects. El Calaverón
marks an impressive milestone in our company history and it is
the best example for our strengths,” gladly stated Joachim Müller,
Managing Director at EPURON.
In
Andalusia, EPURON inaugurated the solar projects Ecija and Darro
with capacities of 1.5 and 5.8 megawatts a few weeks ago. Besides
El Calaverón, EPURON is constructing additional solar projects
in Germany, Spain, Italy and USA with a total capacity of 16 megawatts.
Further details about: EPURON GmbH
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