Fotowatio Renewable Ventures (FRV), a company of Spanish origin that was acquired by the Arab group Abdul Latif Jameel Energy and Environmental Services in 2015, and the French bank Natixis have closed a project of financing without recourse for the photovoltaic project San Serván, of 138 MW, which FRV plans in the town of Solana de los Barros, in Extremadura.
This is the first transaction certified by the Climate Bond in Spain, and comprises a 64 million euro loan in which Natixis acts as the underwriter and sole coordinator of the loan.
FRV has signed a long-term power purchase agreement (PPA) with Engie Spain on the project, the exact amount and duration of which is not known.
