Prime Capital and Fuyo General Lease have successfully closed €46 million in debt financing for the construction and operation of a 250 MW solar portfolio in Spain, owned by ABEI Energy. The financing agreement covers five solar projects located in the provinces of Cadiz (Andalucia), Valladolid, and Zamora (Castilla-Leon), with the projects expected to be fully operational by early 2026.
The funds for the HoldCo debt financing have been provided entirely by funds managed by Prime Capital and Fuyo General Lease.
Ivan Barahona Leon, COO of ABEI Energy, stated, “This agreement reinforces ABEI's commitment to becoming an important Independent Power Producer (IPP), following its long-term strategy of improving the company's standing and balance sheet by having operational assets. We are proud to be partnering with Prime Capital AG as a leading investor in European renewables, and deeply honoured to have attracted capital from a renowned institutional investor from Japan.”
Yuto Kanai, Head of European Renewable Energy Investment at Fuyo Lease Europe, expressed his satisfaction with the partnership, saying, “We are delighted to support ABEI Energy on its way to becoming a leading Independent Power Producer. European renewables are a major asset class for us, and we are proud to have achieved this important milestone together with our new partners.”
Stefan Futschik, Head of Private Debt at Prime Capital, highlighted the significance of the deal, noting, “The transaction is a significant step for us: Our first collaboration with a major investor from Japan, our third solar PV HoldCo financing in Spain, and an infrastructure debt track-record of more than EUR 1.3 billion.”
This financing marks another key step for both Prime Capital and Fuyo General Lease as they continue to expand their portfolios in European renewable energy projects.
