Macquarie Infrastructure Debt Investment Solutions (MIDIS), on behalf of European and Japanese pension schemes and insurance clients, has made a €117m debt investment in a portfolio of Spanish solar projects owned by Kobus Partners.
MIDIS said the investment in the 37.7MW capacity portfolio was part of Kobus’ €207m refinancing.
The portfolio is comprised of 22 operational solar plants located across Andalusia, the Balearic Islands, Castilla-La Mancha, Castilla and León, Murcia and The Valencian Community.
Tom van Rijsewijk, managing director at MIDIS, said: “Through this partnership with Kobus Partners we have demonstrated the role institutional capital can play in helping to finance Spain’s ambitious plans for a green recovery and its transition to a net-zero economy.
“We continue to see a significant opportunity for our investors in the local renewable energy market and were delighted to have been able to support Kobus Partners in achieving their goals for their solar portfolio.”
Pablo Guinot, co-managing partner at Kobus Partners, said: “This refinancing is an important enabler of our long-term growth ambitions in the renewable energy sector.
“MIDIS has been a partner throughout this process, drawing on their deep understanding of the market and access to long-term institutional capital to structure a financing solution tailored to our needs.”
MIDIS has supported the growth of the Spanish solar sector since 2018, providing financing to local operators, developers, and investors including Grupo T-Solar, Q-Energy, Eliantus Energy, and Sonnedix.
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