Solas Sustainable Energy Fund ICAV (SSEF), advised by Zurich-based Solar Capital AG, has entered into a framework agreement with Spanish renewables developer Capital Energy, marking a significant collaboration in the realm of dark green energy efficiency.
The partnership aims to provide financing for Capital Energy's commercial and industrial (C&I) solar projects in Spain and Portugal, paving the way for the deployment of easily accessible solar self-consumption solutions to C&I customers across the Iberian Peninsula through power purchase agreements (PPAs).
In a press release issued on Friday, Capital Energy outlined its commitment to offering comprehensive solar solutions, encompassing assessment, warranty, operation, and maintenance of the solar power systems throughout the duration of the PPAs. Notably, upon expiration of the PPA term, customers will assume ownership of the installations, further underscoring the long-term sustainability of the initiative.
“The partnership with SSEF represents a significant milestone in our efforts to accelerate the adoption of solar energy solutions in the commercial and industrial sectors,” stated a spokesperson from Capital Energy, emphasizing the strategic importance of the collaboration.
Among the initial beneficiaries of SSEF's financing are an undisclosed tourist flats provider in Malaga, southern Spain, and a prominent agro-industrial company in the Canary Islands, as confirmed by Capital Energy.
This collaboration between SSEF and Capital Energy signals a concerted effort to advance renewable energy adoption and foster sustainability in the commercial and industrial sectors of Spain and Portugal. As both entities continue to innovate and expand their offerings, stakeholders remain optimistic about the positive impact on the region's energy landscape and broader sustainability goals.
