Green Bond Fact Sheet

A fact sheet detailing a USD 48 million green bond issuance by Arclight Solar on June 5, 2020, intended to refinance eight operational solar PV projects in Spain.

• Arclight Solar issued a green bond on June 5, 2020, for a total amount of USD 48 million, with the country of risk identified as Spain.
• The proceeds from the bond are designated for the refinancing of eight solar PV projects that have been operational since 2008. These funds will be distributed to two holding companies and various project entity Special Purpose Vehicles (SPVs) through on-loan agreements to cancel existing debt, finance recapitalisation, cover refinancing expenses, and fund standard account reserves.
• Arclight manages solar farm assets in Spain and Italy that generate clean electricity, with revenues coming from market prices and government-backed enticements. Management services are provided by Quintas Energy, described as the largest solar farm asset manager in Europe.
• The bond received a green bond rating of E1/80 from S&P Global Ratings, although it is noted as not certified under a Certification Standard.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2020-06_ES_Arclight_Solar.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2020-06_ES_Arclight_Solar.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=5 June 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2020-06_ES_Arclight_Solar.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2020}, month = jun, url = {https://www.climatebonds.net/files/drupal-files/files/2020-06_ES_Arclight_Solar.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }