30 Apr '18, 11am

GE complex secures power deal and finance

GE complex secures power deal and finance

The site, which will use turbines from GE's 3MW platform, has also agreed a €170 million finance agreement, led by banks BBVA, CaixaBank and Santander. The European Investment Bank has also supported the complex. The deals were confirmed by the project’s original developer, Forestalia. In January 2018, Forestalia sold a 51% controlling stake of the complex to French venture capital firm Mirova-Eurofideme 3, an affiliate of Banque Populaire Caisse d'Épargne. A further 15% is owned by Engie. Forestalia retains 9%. GE is also a partner through subsidiary GE Energy Finance, which holds the remaining 25%. Through a framework deal in August 2017, GE signed to supply 1.2GW of the 1.5GW of wind power rights allocated to Forestalia in Spain’s three renewables power auctions 2016-2017. For the Goya complex, GE will supply a mix of GE 3.4-130 and GE 3.8-130 turbines. Building complet...

Full article: https://www.windpowermonthly.com/article/1463337/ge-compl...

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