Bankinter Investment and Plenium Partners have signed a €530 million financing deal for a portfolio of solar power projects
This is a regulated 130 MW RECORE photovoltaic portfolio with an operational track record spanning more than 15 years, with assets distributed across Spain.
The assets belong to the alternative investment vehicle Helia Renovables IV, launched in 2020, which currently holds photovoltaic assets in Spain and Italy.
Summary generated with artificial intelligence:
Today, Bankinter Investment SGIIC, together with Plenium Partners SGEIC – firms that have recently approved the merger of their management companies (pending regulatory approval) and have been partners since 2017 – announced the financing of a €530 million, 130 MW photovoltaic portfolio belonging to the alternative investment vehicle Helia Renovables IV. Financing for this project was provided by CaixaBank as the principal lender and by Abanca with a significant stake, through a senior debt model.
Bankinter Investment SGIIC and Plenium Partners have provided €530 million in financing, together with CaixaBank as lead lender and Abanca as a significant participant, a 130 MW photovoltaic portfolio in Spain belonging to the Helia Renovables IV investment vehicle, with the objective of optimising its financial structure.
Today, Bankinter Investment SGIIC, together with Plenium Partners SGEIC – firms that have recently approved the merger of their management companies (pending regulatory approval) and have been partners since 2017 – announced the financing of a €530 million, 130 MW photovoltaic portfolio belonging to the alternative investment vehicle Helia Renovables IV. Financing for this project was provided by CaixaBank as the principal lender and by Abanca with a significant stake, through a senior debt model.
This financing, implemented to optimise the financial structure of the projects, covers a portfolio of assets with a capacity of 130 MW distributed across Spain, both on the mainland and in the island territories (the Balearic and Canary Islands). It is a long-term regulated portfolio under the Specific Remuneration Scheme for Renewable Energy, Cogeneration and Waste (RECORE), with an operational track record of more than 15 years.
The assets subject to the financing belong to the alternative investment vehicle Helia Renovables IV, launched by Bankinter Investment and Plenium Partners in 2020, with committed capital from investors reaching €290 million for renewable energy investment. Following the sale of its wind power portfolio last April, the Helia Renovables IV fund now exclusively holds solar power assets in Spain and Italy.
This financing reinforces the position of Bankinter Investment and Plenium Partners as leading managers in the renewable infrastructure sector and also reflects the financial institutions’ confidence in their ability to structure, manage and optimise assets of this type.
In a market that is increasingly demanding in terms of financing and returns, the transaction underscores the track record of the firms and their ability to continue attracting financial backing for the development of their platforms.
A proprietary alternative investment model.
The operation forms part of Bankinter Investment’s strategy to consolidate its alternative investment platform, which, since 2016, has promoted a proprietary model based on direct investment in real economy assets. Throughout these years, the organisation has developed a diversified, multi-sector approach, with a presence in areas such as renewable energy, infrastructure, student accommodation, real estate, technology and venture capital, with an increasingly prominent international profile.
This model, based on co-investment with clients and active asset management, has enabled Bankinter Investment to establish itself as one of the leading platforms for alternative investment in the Iberian Peninsula, bringing these types of assets to a growing number of investors and facilitating their integration into diversified portfolios with a long-term perspective.
In this context, the operation reinforces the platform’s ability to identify, structure and optimise opportunities in real assets, as well as to continue expanding access to alternative investment through increasingly diversified and accessible solutions.
The transaction was advised by the firms Cuatrecasas, Garrigues and EY.
About Bankinter Investment and Plenium Partners.
Bankinter Investment SGIIC and Plenium Partners SGEIC, now a single leading alternative investment platform following their recent merger (subject to confirmation by the competent regulatory authorities), are recognised leading partners for institutional investors in sustainable assets in Europe. The recent merger, which marks the culmination of a successful partnership initiated in 2017, has enabled the unification of their teams, management structures and investment capacity under a single entity, strengthening their ability to lead direct investments in alternative assets in Europe and accelerate their continental expansion.
This step, together with the acquisition of a majority stake in the pan-European asset manager Access Capital Partners, brings together a solid, multidisciplinary team and consolidates a diversified portfolio comprising €14 billion in assets under management, more than 15,000 investors, and a high level of diversification across 11 sectors and 14 countries.
Image created with AI.
Image created with AI.