Matrix Renewables signs financing for 129-MW solar project in Spain

Solar modules. Author: Marco Bellucci. License: Creative Commons, Attribution 2.0 Generic

May 5 (Renewables Now) - Madrid-based platform Matrix Renewables, backed by asset manager TPG, has secured financing for a 129-MW solar photovoltaic (PV) project in Spain's Huelva province.

The USD-89-million (EUR 84.5m) financing was closed with French lender Natixis. It was certified as a green loan, Matrix Renewables announced today.

Three solar plants, located in the municipality of Almonte, are to result from this project. Matrix plans to add energy storage shortly after commissioning, it said.

The renewable energy company estimates it will create more than 500 jobs during the construction phase. It expects to have the plants up and running in the first quarter of 2023.

The latest is the fourth long-term agreement signed in the last six months, totalling over USD 578 million and involving three countries, Matrix Renewables' CFO, Nicolas Navas said in a statement.

At present, the firm says it has 2.1 GW under its portfolio, made up of operational, under-construction, or near ready-to-build solar PV projects.

(USD 1.0 = EUR 0.950)

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