BlackRock Real Assets refinances 186-MW solar portfolio in Taiwan – EQ Mag Pro
BlackRock Real Assets has obtained TWD 9.4 billion (USD 327.5m/EUR 300.4m) in debt to refinance a 186-MW portfolio of solar assets in Taiwan.
The refinancing deal was announced on Wednesday by law firm Linklaters, which acted as legal advisor to the lending consortium.
Under the transaction, BlackRock Real Assets has secured an 18-year green loan facility from a tie-up of Taiwan-based Bank Sinopac and ESun Commercial Bank, Australia and New Zealand Banking Group, BNP Paribas, Standard Chartered Bank, Sumitomo Mitsui Banking Corp and The Hongkong and Shanghai Banking Corp.
The debt financing will be directed towards a portfolio consisting of 42 ground-mounted, floating and rooftop solar photovoltaic (PV) projects across Taiwan. The schemes are owned by BlackRock Real Assets’ Global Renewable Power Fund II. The fund is partnering with Taiwan-based New Green Power to bring the projects from construction to operations.
(TWD 1.0 = USD 0.035/EUR 0.032)
Source: renewablesnow
