GLOBASOL VILLANUEVA 1 SA
Type of ratings: Project Finance
Rating value: BBB
Outlook: Stable
License: EthiFinance Ratings
Solicited
EthiFinance Ratings affirms Globasol Villanueva 1, S.A.'s rating at "BBB", maintaining the Stable outlook. Globasol Villanueva 1, S.A. is engaged in the generation of electricity through the operation of a solar photovoltaic plant with an installed capacity of 10.7 MW located in Villanueva de la Serena (Badajoz). The project is covered by the specific regime that regulates renewable energies in Spain. At year-end 2022, Globasol continued to improve its results, within an exceptional environment of electricity market prices and exemption from the production tax, which allowed it to continue to show a positive capacity to meet its financial commitments through a Debt Service Coverage Ratio (DSCR) of 2.18x.
Ratings
Rating action: Under Observation
Review due to methodologies update.
Action date: 24/07/2023
Date last rating: 27/04/2023
Date first rating: 09/05/2016
Methodology