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Abengoa – ECA term loan facility
02 March 2011
Flexible solar financing solution
On this deal, Citi and Deutsche Bank acted as joint mandated lead arrangers executing a a299 million 10.5-year EKN-supported financing for 17 solar power projects situated in Spain, Algeria and the US, to be managed by Abener, a subsidiary of Abengoa.
Sweden’s Siemens Industrial Turbomachinery is providing the turbines for the projects, with some contracts signed during 2008-2009 before the mandate was given to the MLAs. Others are to be signed in 2011. All projects...
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