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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.
Publication of 2020 UK Annual Report
The Company s annual report for the year ended 31 December 2020, prepared in connection with the Company s obligations under the UK Disclosure and Transparency Rules (the UK Annual Report ), has today been published and is available on the Company s website at https://www.santander.com/en/ or by pressing the below link:
In compliance with Listing Rule 14.3.6R, a copy of the UK Annual Report has been submitted to the Financial Conduct Authority and will shortly be available for inspection on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
In compliance with Disclosure and Transparency Rule ( DTR ) 6.3.5R, the UK Annual Report can also be downloaded in pdf format from the Company s website at https://www.santander.com/en/shareholders-and-investors/financial-and-economic-information#filings-with-other-regulatory-bodies.
By Ian Quinn2021-04-29T12:42:00+01:00
Tesco is to become the first UK retailer to offer its suppliers sustainability-linked finance, in a move the supermarket said would encourage more companies to commit to science-based emission reduction targets.
The voluntary programme, which Tesco said it had been developing for 18 months, will launch in September and see annual greenhouse gas emissions data provided by suppliers independently verified and assessed by sustainability expert Anthesis.
Financial giant KPMG has been employed by Tesco to carry out assurance of the programme, which will then see Tesco suppliers offered preferential financing rates via Santander’s market leading supply chain finance platform.