Macquarie Infrastructure Debt Investment Solutions (MIDIS), on behalf of European and Japanese pension schemes and insurance clients, has made a €117m debt investment in a portfolio of Spanish solar projects owned by Kobus Partners. 

MIDIS said the investment in the 37.7MW capacity portfolio was part of Kobus’ €207m refinancing.

The portfolio is comprised of 22 operational solar plants located across Andalusia, the Balearic Islands, Castilla-La Mancha, Castilla and León, Murcia and The Valencian Community.

Tom van Rijsewijk, managing director at MIDIS, said: “Through this partnership with Kobus Partners we have demonstrated the role institutional capital can play in helping to finance Spain’s ambitious plans for a green recovery and its transition to a net-zero economy.

“We continue to see a significant opportunity for our investors in the local renewable energy market and were delighted to have been able to support Kobus Partners in achieving their goals for their solar portfolio.�

Pablo Guinot, co-managing partner at Kobus Partners, said: “This refinancing is an important enabler of our long-term growth ambitions in the renewable energy sector.

“MIDIS has been a partner throughout this process, drawing on their deep understanding of the market and access to long-term institutional capital to structure a financing solution tailored to our needs.�

MIDIS has supported the growth of the Spanish solar sector since 2018, providing financing to local operators, developers, and investors including Grupo T-Solar, Q-Energy, Eliantus Energy, and Sonnedix.

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