Matrix Renewables inks financing for 50-MW solar project in Spain

Solar panels by iamme ubeyou.

January 25 (Renewables Now) - Madrid-based platform Matrix Renewables, created by asset manager TPG, has secured financing for its 50-MW Olivares solar photovoltaic (PV) project in Spain, it said today.

The firm signed a long-term financing agreement with Spanish lender Banco Santander SA (BME:SAN) for an undisclosed amount.

The Olivares solar farm will be located in Jaen province, southern Spain. Matrix expects to have the plant up and running in the third quarter of 2022.

Matrix Renewables’ current portfolio consists of 1.8 GW of operational, under-construction, or near ready-to-build solar PV projects, and a further 2.3 GW of renewable energy schemes in the development pipeline. Matrix develops its projects in Europe, the US and Latin America.

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\