InfraRed Capital Partners has secured a senior bridge facility from Kommunalkredit Austria to finance the construction of a 100 MW solar portfolio in Spain. The transaction strengthens InfraRed’s presence in the European renewables market and advances the assets toward commercial operation.

Kommunalkredit acted as Mandated Lead Arranger, structuring, underwriting, and arranging the financing. The proceeds will support the near-completed construction phase and bridge the portfolio toward long-term refinancing or exit following COD.

The portfolio consists of two 50 MW solar plants — the Casilla and Pizana projects — located in Valencina de la Concepción, Seville (Andalusia). Both projects benefit from a fixed-price, date-certain EPC contract with strong performance guarantees, significantly reducing execution risk.

The plants will deploy tier 1 equipment, single-axis trackers, and a shared grid connection, improving operational efficiency and mitigating technical risks. Commercial operations are expected in Q2 2026, positioning the portfolio for stable, long-term returns in Spain’s growing solar market.

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