Infranity provides €68m bilateral financing to Planea Energia for construction of 141MW solar PV project in Spain

Infranity, one of the largest infrastructure investment specialists in Europe, was delighted to structure and execute a c.€68m bilateral financing for the construction of a 141MW portfolio of 3 solar PV assets located in Belinchon, Spain. The portfolio is owned by Planea Energia, part of the Rotonda Group.

The transaction accelerates Planea Energia’s strategy to reach 650 MW of renewable capacity in Spain by developing, building and operating renewable energy projects. Infranity is delighted to support Planea Energia in this existing growth initiative while expanding its commitment to investing in highquality assets and energy infrastructure to support a low-carbon future.

Infranity, an active investor in the financing of the energy transition in Europe, has invested in 16 renewable energy transactions since the inception of the firm in 2018 for a total volume of over. €1.4bn representing an electricity production capacity in excess of 8 GW.

Bestinver Securities acted as sole financial advisor to the transaction. Watson Farley & Williams acted as Infranity’s legal counsel, Deloitte as Grupo Rotonda’s legal counsel and Altermia acted as technical advisor. The transaction was executed through the issuance of a bond via Alter5.

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