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Green Evaluation: Ence Energía Termollano, S.A.'s €110 Million Acquisition Facilities, April 01, 2019

Ence Energía S.L. is seeking to raise an expected €109.6 million in three tranches of bank loans to acquire a 50 megawatt (MW) solar thermal plant located in Puertollano, Ciudad Real, Spain. Ence Energía is the renewable energy division of Ence Energía y Celulosa S.A., one of the largest producers of eucalyptus pulp in Europe and a prominent Spanish biomass energy producer. This is the third green facility that Ence Energía has borrowed. This financing makes a significant environmental contribution, achieving E1, the highest quartile on S&P Global Ratings' Green Evaluation scale. This €109.6 million MultiTranche Facility highlights Ence Energia's intention to diversify to other renewable energy sources beyond biomass plants, which were financed through its prior green loan borrowing.


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