Greenvolt – Energias Renováveis, S.A, through its subsidiary, Perfecta Energía, launched a pioneering fund that will allow accelerating the penetration of self-consumption using photovoltaic solar panels in the Spanish residential market. This €133.5 million securitization fund, designed to encourage the energy transition, will allow consumers to be exempted from the initial investment, the main barrier to adopting this form of clean and cheap energy generation.
The Comisión Nacional del Mercado de Valores approved the creation of the Perfecta Energía and Q-Impact fund, through its subsidiary Perfecta Consumer Finance. This instrument will have a credit line provided by Barclays Bank with an initial value of €50 million, expandable up to €100 million. The maximum value of the fund could reach €133.5 million
By making it possible to generate savings for residential customers from day one, since the reduction in the energy bill will always be higher than the cost of financing obtained through this securitization fund, it will be possible for families to save without having to make an initial investment effort.
For many residential consumers, the initial financial effort appears to be a major obstacle to the adoption of this new form of clean and cheap energy generation. By removing this barrier, thanks to this pioneering fund that brings the potential of the capital market closer to families, it will be possible to accelerate the penetration of renewable energies in the Spanish market, promoting the energy transition that will lead to the decarbonization of the economy.
Until now, Perfecta Consumer Finance has invested more than €10 million in residential self-consumption facilities in more than 1,500 Spanish homes, generating an investment with a direct positive impact on family savings and the reduction of the carbon footprint. With the securitization fund, the company wants to further accelerate this investment through a financing model open to third parties.
