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George Karalis Joins Evercore as Managing Director in its Debt Advisory Group

George Karalis Joins Evercore as Managing Director in its Debt Advisory Group
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Cubico refinances Spanish solar

Cubico Sustainable Investments (Cubico) has achieved financial close on the refinancing of the Moron and Olivenza concentrated solar power (CSP) projects in Sevilla and Badajoz, Spain. The refinancing of the projects, which were acquired in March this year as part of the Grupo T-Solar portfolio and have a capacity of 50MW each, was completed with a green loan. The green loan complies with the Green Loan Principles and is the fourth of this type in Cubico’s Spanish portfolio, following the refinancing of the 50MW Arenales, Andasol I and Andasol II CSP plants last year. Additionally, a hedge derivative has been put in place to cover interest rate risks.

L&G offers housing association first sustainability-linked private placement

Legal & General has lent Believe Housing, an English housing association, some £85m, with margins tied to its energy transition. According to GlobalCapital research, this is the first sustainability-linked private placement in the UK social housing sector.

believe housing: £250m private investment secured by housing association

believe housing: £250m private investment secured by housing association A multi-award-winning housing association is set to build 1,250 new homes, upgrade thousands more, and extend the support it offers to communities after a £1/4bn funding boost. County Durham-based believe housing has secured the multi-million-pound injection to help it deliver an ambitious new business plan. The not-for-profit housing association will double its new home construction programme creating and securing hundreds of jobs. It will also spend more than £6m extra on improving the energy efficiency of existing homes. The 1,250 home new-build programme alone is expected to support more than 3,800 jobs and 40 apprenticeships during construction. It will also generate in excess of £2m of spending on leisure and education in the county.

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