Rainergy has refinanced its c. 100MW Iberian Platform through a PPA from AXPO
Following the acquisition of the c. 100MW portfolio in December 2021, Rainergy has completed the refinancing of its outstanding debt through the issuance of an innovative five-year financing package.
Rainergy’s portfolio benefits from a strong geographic diversification, a long operating track record and a mix of regulated, merchant and contracted revenues under a five-year PPA signed with AXPO in January 2023. This, combined with the portfolio’s great potential for solar PV and wind hybridization, strongly mitigates the business’s volatility while providing extremely attractive risk-adjusted returns, which in turn led to considerable demand from financing institutions.