CIP borrows as renewables become cheaper than fossils

Wind power windfarm turbine renewable energy from Adobe 230x150
By Mike Turner
14 Jul 2020

Copenhagen Infrastructure Partners, the Danish renewable energy investor, has signed a €380m green loan to finance a wind farm in Spain, as analysts say renewable energies are now cheaper for consumers than their fossil fuel counterparts in major markets.

The non-recourse long term debt facility will be available to draw once the 487 MW Monegros wind farms in Aragon, Spain, start commercial operations over roughly the next 12 months.

The loan is signed on “attractive terms”, according to Christian Skakkebæk, a senior partner at CIP, who added that ...

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