MADRID, 23 Nov. (EUROPA PRESS) -

Opdenergy has closed a green investment credit agreement worth 82.6 million euros with BBVA and ICO as financing entities whose subscription is carried out together with a Cesce Green Investment Policy, the company reported.

Specifically, this financing will be used to improve the capital structure of Opdenergy's assets in the United States. The first of them is the Blake plant, located in Jefferson County, in the state of West Virginia, with an installed capacity of 100 megawatts (MW). The second is the Elizabeth plant, located in the Parish of Allen, in the state of Louisiana, with a power of 160 MW.

It is estimated that both plants will prevent the annual release of 260,000 tons of CO2 into the atmosphere, according to the latest emission factors published by the EPA, which is the equivalent of the annual circulation of 57,000 combustion cars or the consumption of more of 43,000 homes, according to equivalent consumption published by the US EIA.

BBVA, which acts as a financing entity together with the ICO, leads the operation as coordinating bank and agent of the operation and in front of Cesce.

The Green Investment Policy of the insurance company, for its part, is a type of coverage under which coverage is granted to credits granted to Spanish companies for the financing of projects or activities that comply with the requirements set out in European regulations for be considered green operations. Its objective is to encourage investment by Spanish companies abroad.