November 20, 2020
Spanish solar energy company Solaria said it refinanced two photovoltaic plants in Uruguay by issuing its first green bonds for roughly $29 million, according to a press release.
The Madrid-based developer sold the 20-year notes to US insurance company Metlife and IDB Invest, the private sector division of the Inter-American Development Bank (IDB), it said on Wednesday.
The bond deal allowed Solaria to lower its financing costs and double the dividends it receives from the two projects, it added
Spanish solar power company issues its first green bond to pay off debt from the Yarnel and Natelu projects