Photovoltaics negotiate a debt moratorium with the Government
La gran banca deja de financiar proyectos ante el creciente riesgo de impago. Sobre la mesa, una propuesta de Unef para aplazar el pago de 900 millones en tres años con garantía del ICO. Leer
Spain's solar energy sector is facing financial difficulties, with around 15% of solar plants at risk of bankruptcy due to debt repayment issues. The sector's association, Unef, has proposed a three-year moratorium on paying €900 million in debt, guaranteed by the Instituto de Crédito Oficial (ICO), to help the sector recover. The banking sector has stopped financing solar projects, at least until this crisis is resolved, and some large investors see the potential for buying into these projects at low prices.
Unef estimates that the moratorium would benefit installations with a total capacity of 10,000 megawatts, around 15% of Spain's current 55 gigawatts of solar power.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
