Valfortec issues a Green Bond of 25 million euros to intensify the development of 800 MW
24/03/2021
Valfortec recently achieved a BBB rating – trend stable in a credit rating report by Axesor Rating. In September 2020, the organization had a turnover of 12.68 million euros and a net worth of 35.1 million euros.
The Axesor Rating report highlights that during the last 15 years the company has positioned itself as an outstanding integral developer of photovoltaic projects (it brings together all phases, from engineering to
execution, through financing and maintenance), reaching a remarkable turnover of 78.9 MW. Of this global installed power, 36.1 MW is owned under regulated prices (Spain (21.8 MW), Chile (6.3 MW), Japan (3 MW) and the United Kingdom (5 MW) This situation places the firm in an “adequate competitive position”.
The exhaustive analysis of Axesor rating values “the expected weight of the regulated activity in its activity, its asset rotation policy, as well as the fact that the company focuses its strategy on the diversification of its activity, enhancing its presence in Asia and Latin America, specifically Japan and Chile ”. Axesor also highlights that the firm’s imminent strategic plans involve the development (‘pipeline’) of an extensive portfolio of projects in key markets such as Spain, Japan and Chile that reaches 786.8 MW.
Summarizing, Valfortec’s financial situation is very “healthy” with a financial debt of 8.4 million euros and a solid investment plan for the next 3 years of 163.2 million euros.
And finally, the Business Plan 2021 – 2026 shows the “positive ability of Valfortec to meet its financial commitments during the investment period and allow the group to be in a favorable position”.
Check HERE the Valfortec rating report.
