Project Finance | May 27, 2011

Acciona Wind and Hydroelectric Power Portfolio, Spain

With a loan of € 74.3 million, Helaba is financing the Acciona Wind and Hydroelectric Power Portfolio in Spain. The whole portfolio, with its total of € 1.421 million, represents a lighthouse project, signaling the way for future developments in Spanish project financing. It comprises 41 wind-farms (total capacity 1.33 megawatts) and 24 hydroelectric plants (total capacity of around 180 megawatts).

All the plants are completed, some of them already in operation for years. The manufacturers of the plants are Gamesa, Enercon and Made. The energy produced by the wind-farms and hydroelectric power plants is paid for on the basis of the current law on renewable energy, involving the feeding of electric current into the grid system.

Helaba is acting in the transaction as Mandated Lead Arranger and Hedging Bank.


Investment:	Wind and Hydroelectric Power Portfolio in Spain
Customer:	Acciona S.A.
Volume:	€ 1.421 Mio. / Helaba: € 74,3 Mio
Type of finance:	Langfristiger Projektkredit
Term:	18 years
Role of Helaba:	Mandated Lead Arranger and Hedging Bank
Unit/department:	Structured Finance - Renewable Energy
Closing/Funding:	May 2011