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Ence signs refinancing deal for Huelva and Merida biomass power plants in Spain

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Ence signs refinancing deal for Huelva and Merida biomass power plants in Spain

August 06, 2015 - 14:41
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  • MADRID, Spain, July 31, 2015 (Press Release) -
  • The refinancing operation, adapting to new regulatory framework for renewable energy, will allow the company to amortize the previous funding and liquidity have an additional 31 million euros.

Ence Energía y Celulosa has signed the refinancing of project finance loans of their plants generating electricity with biomass Huelva (50MW) and Merida (20MW). The company reduces the spread of 100 basis points over Euribor.

With this operation, Ence finances the two plants into one project finance loan agreement for a total amount of 135 million euros with a maturity of 10 years.

The refinancing operation, adapting to new regulatory framework for renewable energy, will allow the company to amortize the previous funding and liquidity have an additional 31 million euros.