COFIDES supports Greening's growth in the United States - Capital-Riesgo.es
Summary
To this end, it has granted the company a joint venture loan of 3M from the Fund for Foreign Investments (FIEX), which will finance the engineering, construction, operation and maintenance of photovoltaic installations (3 MWp) for self-consumption at the plant that its client Opmobillity (formerly Plastic Omnium), a French multinational in the automotive sector, owns in the city of Adrian (Michigan).This project, which envisages a total investment of $4.3M, is articulated through a 15-year Power Purchase Agreement.Previously, COFIDES had already financed the groups commercial establishment in this country, with the start-up of an office in Miami. It has also contributed to its expansion in Mexico, Italy, Germany and France.The corporate director of COFIDES Investment Department, Miguel \xc1ngel Ladero, stated: "Sustainability is a priority value for our company, which is why we are committed to business initiatives that promote renewable energies and encourage a sustainable energy transition. With a presence in major markets across Europe and North America, Greening is at the forefront of the energy transition to lead a greener, more sustainable future, reducing the global carbon footprint and facilitating the adoption of clean energy solutions.COFIDES is a state-owned trading company that manages state funds, as well as its own resources and those of third-party institutions. COFIDESs mission is to support the internationalization of the Spanish economy, attract foreign investment into strategic sectors in Spain, promote the impact economy, and contribute to global economic development. COFIDES is also instrumental in strengthening the solvency of Spanish companies, particularly in response to challenges such as the COVID-19 pandemic.