Capital Energy has just announced that it has closed a €140 million corporate loan with its European Credit Manager Incos Capital and retirement fund Ontario Teachers Pension Scheme (OTPP). This funding, which has a term of four years, will allow the company to further promote the development of all areas of the business under its 100% vertically integrated renewable project. Incus Capital is a European credit management company headquartered in Madrid with offices in Lisbon, Milan and Paris. Since its inception in 2012, Incos –Informa Capital Energy– Invested about 1,500 million euros in more than 80 operations in different sectors. For its part, the Global Ontario Canadian Educators Retirement Scheme is one of the largest private pension plans in the world. Headquartered in Toronto, it reports net assets of $221.2 thousand at the end of fiscal year 2020 and manages pension funds for approximately 331,000 active and retired teachers.
With this signing – explains the Spanish company – Capital Energy opens a new way of financing. Last March, the company announced the signing of an agreement Financing the project with Banco Sabadell for 26 million euros and version Bonds worth 50 million euros, fully subscribed by the French investor Eiffel Investment Group. For the rest, the Spanish company has closed various operations in recent months, both with leading national banks and with international institutional investors, with a global amount of more than 300 million euros, which it wants to implement its business plan until 2022. .
Approximately 38 GW of portfolio projects in the Iberian Peninsula
The company currently owns a portfolio of wind and solar energy projects in the Iberian Peninsula totaling about 38 GW of capacity, of which more than 8.5 GW already have grid access permits granted.
With the launch of its trading company, in the last quarter of 2020, Capital Energy has completed its strategic goal of being present throughout the entire renewable energy generation value chain: from merchandising, where the company is in a consolidated position due to its nearly 20-year path, through to construction, production and warehousing operation and supply.
The goal of the company, which has gone from 30 people to more than 380 people in the past three years, spread over 15 offices in Spain and Portugal, is to bring the 100% renewable energy it already produces in its own facilities.