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OCA Global acts as Technical Advisor in the financing agreement between Soltec and Triodos Bank for 5.6 MW in Spain

29.11.2023

Soltec, a leader in solar energy, has closed an innovative financing agreement with Triodos Bank, a European benchmark in ethical and sustainable banking, for the construction and operation of a photovoltaic facility located in Totana (Murcia).

This agreement has been achieved through a combination of senior debt through project finance and the participation of local communities through the crowdfunding platform Fundeen. An investment range is also established for the local communities, ranging from 500 euros to 150,000 euros.

In this context, OCA Global has played a crucial role as Technical Advisor in the Technical Due Diligence of the financing for Fundeen and Triodos Bank. Its participation reinforces the confidence in the technical feasibility and long-term success of the photovoltaic installation. This agreement is a pioneering deal, as it is the first project finance in Spain to combine senior debt with local community investment.

The project, designed under the "ecovoltaic" concept, is a benchmark in sustainability, committed to preserving the environment and strengthening the local economy. The plant, which will have an annual production of 11,358 MWh, will incorporate bifacial modules, an advanced technology that maximizes the absorption of sunlight, significantly improving energy efficiency.

With Soltec at the forefront of solar energy innovation and OCA Global backing the technical integrity, this project marks a milestone in the transition to cleaner energy sources.