Solaria Energia y Medio Ambiente S A : has successfully placed €48.8 million issue of short-term notes at a very attractive average interest rate below 1%
March 18, 2021 at 12:04 pm EDT
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Madrid, 18 March 2021
Solaria, a leading company in the development and generation of solar photovoltaic energy in Southern Europe, has today announced it has successfully placed €48.8 million issue of short-term notes with 12-18 months tenor to institutional investors at a very attractive average interest rate below 1%, within its Commercial Paper programme registered in the Alternative Fixed-income Market MARF.
This amount will strengthen the working capital of the company, which in April will start construction of its flagship Trillo project in April, the largest PV project in Europe with a capacity of 626MW.
The interest shown by institutional investors reflects the trust in the company and Solaria's strong capacity to access the financing it needs to continue developing and building its projects, in line with its strategic plans and targets.
Enrique Diaz Tejeiro, Chairman of Solaria, said: 'We are pleased to announce that we have successfully closed a new issuance of Commercial papers. The financing conditions are exceptional, the best signed to date. They are proof of investor confidence in Solaria, which continues to work on the projects contemplated in our strategic plan. The Trillo project is one the largest in Solaria's portfolio of projects and will be the largest photovoltaic solar power plant in Europe. It represents approximately 30% of the 2150MW that we have set as a target for 2021.'
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Solaria Energia y Medio Ambiente SA published this content on 18 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2021 16:03:02 UTC.
Solaria Energia y Medio Ambiente, S.A. specializes in the design, manufacturing, marketing and installation of renewable energy facilities. The activity is organized around 5 areas:
- production of electric energy;
- design and turnkey construction of solar power installations activity;
- installation and repair of solar, thermal, photovoltaic and wind systems ;
- sale of photovoltaic solar panels;
- installation and repair of plumbing, gas, electricity, cooling, heating and air conditioning systems.
Net sales are distributed geographically as follows: Spain (87.3%), Italy (6.8%), Uruguay (2.3%), Portugal and Greece (1.4%) and other (2.2%).
Solaria Energia y Medio Ambiente S A : has successfully placed €48.8 million issue of short-term notes at a very attractive average interest rate below 1%
SOLARIA ENERGIA Y MEDIO AMBIENTE, S.A. 
