09/07/2024

Successful closure of the financing PPA with ÇIMSA

This milestone marks a significant step forward in our mission to drive sustainable energy solutions and create a greener future. 

We are thrilled to announce the successful closure of the financing for our photovoltaic project PPA with ÇIMSA and EBN Banco. The financing has been structured through a long-term non-recourse green loan to ID ENERGY linked to the PPA signed with CIMSA. This structured and strategic financing operation has EBN Banco as the Financing Entity.

EBN Banco and ID Energy Group have signed a financing agreement in GREEN LOAN MODALITY for 3.4 million euros for the construction and operation of the ÇIMSA CEMENTOS ESPAÑA photovoltaic park, located in Buñol, province of Valencia.

The Montero & Aramburu law firm has acted as legal advisors to EBN Banco, as well as Company Legal Partners has acted as legal advisor to ID Energy Group.

A huge thank you to our partners for their invaluable support and collaboration. Together, we are making a positive impact on the environment and paving the way for innovative renewable energy projects.