OPDE signs the biggest Project Finance in Spain in 2009 for €100 million solar photovoltaic project

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The company forecasts for 2010 point to the construction of new solar photovoltaic projects with a total capacity of 20 MW.

SPAIN [WorldofRenewables.com]

  • OPDE has signed a project finance to the value of € 100 million part financed by Banco Santander, La Caixa and BBVA, for the project of two solar photovoltaic plants located in the Navarre area of Valtierra (11 MWp) and Tordesillas (11 MWp) in Valladolid.
  • The company has closed an excellent 2009 having funded, built and connected this year more than 28.38 MWp in Spain.
  • OPDE maintains its position as the leading company among the solar developers and construction companies of solar photovoltaic plants in the country, achieved already in 2008 – both in terms of turnover and installed capacity.

The company forecasts for 2010 point to the construction of new solar photovoltaic projects with a total capacity of 20 MW.

January 4, 2009 .- The Spanish multinational OPDE, dedicated to the promotion, development, construction, operation and maintenance of solar photovoltaic plants, has just signed the largest Project Finance in Spain for a solar photovoltaic project in 2009. The agreement has been signed with Banco Santander, La Caixa and BBVA for two solar photovoltaic projects in Tordesillas (Valladolid) and Valtierra (Navarre), which together have a capacity of 22 MWp. The capital financed amounts to € 100 million.

This signing is the ‘finishing touch’ for 2009, a year where OPDE has financed, built and connected a total of 28.38 MWp in Spain. This figure has put the company into the top post in the ranking of construction-developers of photovoltaic solar power in Spain in 2009 with a 20% market share in ground plants built in the country, A position held since 2008 with a then consolidated turnover of € 560 million.

Specifically, the completed projects throughout this year were the solar farms within the framework of the RD 661 located in Belvis de Monroy (Cáceres), with 1.87 MWp, Toro (Zamora), 4.4 MWp, and new solar plants Valtierra (Navarre), 11 MWp, and Tordesillas (Valladolid), therefore 11 MWp Earmarked within the RD 1578th These photovoltaic solar farms have been funded through a club deal bank Santander, La Caixa and BBVA with over € 125 million, in the form of Project Finance for these solar plants.
In the construction of these projects Mecasolar 1 – Axis Azimuth seasonal trackers were used; TRINA modules and SMA inverters, OPDE technologies that have been working with for years and have obtained the highest yields in the Group plans to date.

According to reports from Ramon Tejadas, Director General of the OPDE Group, the company has now on its books new photovoltaic solar farms in the La Lora (Valladolid, 2.75 MWp)-connected and in operation under the first call of the RD 1578 – and in Ecija (Seville), the latter of 1.76 MWp recently obtained in the 4th call of the RD 1578/2008. Both projects will therefore be financially structured during the first quarter of 2010th

OPDE Forecasts for 2010 point towards building another 20 MW in Spain.

According to Ramon Tejadas, the end of the year has been a “complete success” for OPDE and also shows “that both cost-effective photovoltaic projects, with predictable cash flows, and companies like Group OPDE with solvent and strengthened balance sheets, continue to have important options for financing projects in a difficult financial environment.” In fact, he adds months, the recently signed 22 MWp Project Finance was structured and signed in just two

With the projects closed throughout 2009, has reached OPDE a record figure of 115 MW promoted and built in Spain over the past five years (2004-2009).


Apart from its projects in Spain, finished in the south of OPDE Italy (Puglia) the construction and connection of various solar photovoltaic plants with a capacity of 6 MW, Located in the towns of Ginosa, Ruatella, Lucera and Foggia. These projects have been funded by UBI Leasing and Fineco.

These projects can be added to the recent signing by the OPDE Group OPDE, Mecasolar, PROINSO and RÍOS projects, of an agreement with the Government of the Italian region of Piedmont for the promotion and construction of various solar photovoltaic plants along reaching 2010 in the first stage, 30 MW of power and 75 MW accumulated in the second. / /

OPDE (www.opde.net) Comprises the companies OPDE, Mecasolar, and PROINSO RÍOS. The first is specialized in the global promotion and construction of solar photovoltaic plants. Mecasolar focuses its activity on the design and manufacture of solar trackers and fixed structures. PROINSO is dedicated to providing REC TRINA and modules, fixed structures and tracking, as well as SMA inverters, becoming the first international distributor of these leading global brands in the sector, with over 100 MW of 140 MW of modules and inverters supplied. RÍOS is the company responsible for Civil Works, as well as engineering and installation work and low, medium and high voltage work.

OPDE currently employs 300 people. The plants promoted and built directly by OPDE in the 2004-2009 period, together have a total capacity of 115 MW, producing an equivalent annual energy consumption of 75.466 households (225 GWh).

The OPDE Group companies in 2008 exceeded € 560 million of consolidated turnover And, currently, the solar photovoltaic company is strategically committed to internationalization. It has tracker factories in the U. S. (California), Greece and Italy, countries where it has it own companies. / /


Corporate Information. Group OPDE

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