CesceThrough the Green Investment Policy, this supports the ACCIONA Energy projectIt consists of the construction and operation of the MacIntyre wind farm, located southwest of Brisbane (Queensland, Australia), which will consist of 162 wind turbines and have an installed capacity of 923.4 MW.
Cesce guarantees A$1.098 million syndicated loan (approximately €712 million) was awarded to the subsidiary of ACCIONA Energía to finance its investment in this project.
This investment The total project is estimated at A$1.878 million (approximately 1,219 million euros). ACCIONA Energía will own 70% of the wind farm through its subsidiary in Australia, while an investment partner will own the remaining 30%. In addition, ACCIONA Energy is responsible for the development, engineering, construction, management, operation and maintenance of the project.
This project will form part of the MacIntyre Complex, which consists of two wind farms: macintyre park (923.4 MW) and Karara wind farm (102.6 MW). Both will be added 1,026 MW capacitymaking it the largest ever wind project in Australia and one of the highest capacities in the world.
Xiana Méndez, Minister of State for Trade, “We are very pleased with the success of Cesce’s green policy.”
In just one year of operation, many operations were signed within the scope of this model, which contributed to the international growth of leading companies in green technologies and, as in this case, found expansion markets among the world’s most developing and demanding economies. from Australia”.
Cesce’s CEO, Fernando Salazar, underlined the importance of Cesce’s role as ECA in facilitating the international financing and investment of Spanish companies, in this case, moreover through a sustainable project. We are delighted to continue to be a key partner in the internationalization process for the Spanish company”.
Arantza Ezpeleta, CFSO of Acciona Energía, said, “Cesce’s Green Investment Policy has allowed us to structure a very efficient, long-term corporate finance solution. Meets the majority of investment needs in MacIntyre, the largest renewable project in our history. This ECA operation is a milestone for our company, both because of its size and because of the additional element it provides financing in a green format. increases the positive impact of the project. decarbonization state of Queensland”
Developed by ACCIONA Energía, the construction of the project started in April 2022 and is expected to be operational in February 2025; The operation and maintenance phase of the wind farm will be 30 years and its duration door to door The loan period covered by Cesce will be 16 years.
Through this Green Investment Policy, Cesce continues to support the financing of investments of Spanish companies abroad, this time including an additional effective green loan from 6 banks (MLA), Banco Santander, CaixaBank, Credit Agricole Corporate and Credit Agricole Corporate. Investment Bank, HSBC, ING and JP Morgan. Among these organizations, Banco Santander intervenes as Representative before Cesce and the Credit Agent. HSBC and JP Morgan intervened with Cesce as Coordinator. Most recently, Crédit Agricole has stepped in as the Corporate and Investment Bank and HSBC ESG Coordinators.
This is Cesce’s largest operation to date covered through its Green Investment Policy.