Bizkaia Energia Holding Company Wins IJ Global European Power Transaction of the Year
Sequoia Economic Infrastructure Income Fund (“SEQI”), the specialist investor in economic infrastructure debt, is pleased to announce that its transaction with Bizkaia Energia Holding Company won IJ European Global Power Transaction of the Year at the IJGlobal Awards 2018 – Europe & Africa.
SEQI provided the major part of the Euro loan in a joint transaction to Bizkaia Energia, an operational Combined Cycle Gas Turbines power plant in the Basque region of Spain, owned by ArcLight Capital Partners LLC.
The IJGlobal Awards celebrate the best-in-class transactions to have closed over the past calendar year, across the international infrastructure and energy sectors, as judged by an independent panel of industry experts.
Dolf Kohnhorst, Director at Sequoia Investment Management Company, Investment Adviser to SEQI said:
“I am very pleased that our investment with Bizkaia Energia won the IJ Global Power transaction of the year. We anticipate a rise in merchant financings for both conventional and renewables power in Europe and were therefore delighted to support ArcLight Capital Partners in this innovative transaction.As our first transaction in Spain, this is an excellent example of our highly selective investment approach in the region. We would also like to thank Cantor Fitzgerald for working with us to complete the financing as Financial Advisor. We are proud that this investment, the first structured this way, has received recognition from the wider infrastructure community with this award.”