ENCE Energia y Celulosa : extends its green financing for the new biomass plant that the company is building in Puertollano
November 12, 2018 at 01:04 pm EST
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November 12, 2018.- ENCE extends the green financing of its Renewable Energy subsidiary to 69 million euros for the new 46 MW low emission biomass generation plant that the Company is building in Puertollano (Ciudad Real) and whose conclusion is scheduled for the end of 2019.
This financing has a maturity of 7 years and includes an institutional 'bullet' tranche amounting to 43 million euros. In addition, it foresees the development of another 6.5 MW in one or several plants.
This is an extension of the financing subscribed in November 2017 for an amount of 220 million euros, which included a 60 million tranche to finance another 46 MW low emission generation biomass plant that the Company is building in Huelva, and whose start is also scheduled for the end of 2019.
This extension has also received the highest green rating from Standard & Poors, which recognizes the high standards of Ence in terms of sustainability and transparency.
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Ence Energía y Celulosa SA published this content on 12 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 November 2018 18:03:02 UTC
Ence Energia y Celulosa SA, formerly Grupo Empresarial ENCE SA, is a Spain-based company engaged in the operation of pulp mills. The Company' activities are divided into two business units: Pulp and Energy. The Pulp business unit is subdivided into three segments: Pulp, manufacturing pulp and pulp derivatives, such as lignin and biomass, as well as co-generating energy; Forest Management, providing forest crops and wood raw materials, and Forest Services & Other, including residual business activities, as well as forest support services. The Energy business unit focuses on generating energy using forestry and agricultural biomass, as well as, thermos and solar electric energy generation. The Company operates pulp mills and power generation plants in Spain.
ENCE ENERGÍA Y CELULOSA, S.A. 
