Ansasol bags Banco Sabadell debt for 70 MW of solar in Spain

Spanish solar project developer Ansasol has obtained debt financing from domestic lender Banco de Sabadell (BME:SAB) to bankroll the construction of 69.5 MW of photovoltaic (PV) parks in Andalusia.

The Spanish lender announced on Friday it will extend a loan facility of EUR 30 million (USD 30.7m) that will cover a portion of the entire capital required for the particular projects. The whole investment that will be allocated for the schemes was not disclosed

Ansasol intends to start building the proposed PV plants between the end of 2022 and the beginning of 2023.

Malaga-based Ansasol has developed solar PV projects with a combined capacity of over 1.2 GW, among which is the 150-MW Don Rodrigo scheme in Seville. Apart from solar, the company is also developing green hydrogen projects, with one of its latest ones in this field being a 440-MW electrolysis plant to produce green hydrogen with 550 MW of solar capacity in the Castile and Leon region.

(EUR 1.0 = USD 1.024)

Choose your newsletter by Renewables Now. Join for free!