Capital Energy issues a bond for €50 million, fully subscribed by Eiffel Investment Group

• Thanks to the operation signed with the French investor, the company has obtained resources to continue the implementation of five facilities in Spain, four wind and one solar, that will add close to 170 megawatts (MW) of power.
• The issue of this bond opens a new financing instrument for Capital Energy, whose renewable installations portfolio is already at around 38 gigawatts (GW) in Spain and Portugal, of which over 8,500 MW have granted access permits to the grid.

Madrid, 17 March 2021.- Capital Energy, a Spanish power company that was incorporated in 2002 with the aim to become the first 100% vertically integrated renewable power supplier on the Iberian Peninsula, has just taken a significant step towards consolidating, from a financial point of view, the development of its clean energy project.

Capital Energy has issued a €50 million bond, with 18 months to maturity, which has been fully subscribed by the French investor Eiffel Investment Group, through its bridge financing funds.

Thanks to this financing operation, the first of this nature for the company, it has obtained the resources necessary to continue to partially cover the investments required for some of the most mature renewable energy projects of its Spanish portfolio.

Specifically, Capital Energy will use the proceeds for five projects that are in various stages of development: four wind and one photovoltaic project that, together, add close to 170 megawatts of installed capacity. The wind farms, with a combined capacity of 148 MW, are located in Asturias, Castile and Leon and Andalusia, while the solar plant, with 20 MW capacity, is sited in Extremadura.

The five renewable facilities for which the company will use these €50 million will be able to supply over 473,000 megawatts per hour (MWh) of clean energy per year, equivalent to the consumption of around 196,700 Spanish homes, and will prevent the annual emission to the atmosphere of over 189,200 tonnes of CO2.

The issue of this bond opens a new pathway to obtain financial resources for Capital Energy, who closely follows market evolution and is currently looking into a wide range of short, medium and long-term financing instruments.

About Eiffel Investment Group

Eiffel Investment Group is an asset manager specialising in business financing. With over €3 billion in assets under management, Eiffel Investment Group provides businesses with a wide range of capital, private debt and listed debt financing solutions. The group established an institutional infrastructure and guarantees a strong alignment of interests with its clients. Eiffel Investment Group is an independent company owned by its team, along with Impala.