Project Finance
Outlook: Stable
Action date: 12/10/2021
Rating action: Affirmed

SOLARIA CASIOPEA SAU

Solaria Casiopea, S.A.U. is a company dedicated to the generation of electricity through the operation of three solar photovoltaic plants located in Almería, León and Ciudad Real, with a combined nominal power of 2.42 MW. The three plants that make up the project have been built and are in full operation under positive performance achieved. At year-end 2020, the company reported revenues of € 1.3M and EBITDA of € 1.0M, demonstrating a positive capacity to meet its financial commitments through a DSCR of 1.69x.

Rating

Solicited
Date last rating: 12/10/2021
Date first rating: 12/14/2017