Subscribe today and receive an extra account for free.
Subscribe
Solar park in Spain. Featured Image: MilaCroft/Shutterstock.com
July 19 (Renewables Now) - Solaria Energia y Medio Ambiente SA (BME:SLR) announced on Thursday it has signed a long-term financing agreement with the Spanish unit of French bank Natixis SA (EPA:KN) for EUR 130 million (USD 145.96m).
Тhe project finance arrangement is for 250 MW of photovoltaic (PV) capacity awarded to Solaria in Spain's 2017 renewable energy tender. Funds shall be withdrawn in accordance with the pace of construction.
The PV parks are under construction and expected to be connected to the grid this year, Solaria said.
The closing of this long-term financing for 250 MW of capacity supports Solaria's efforts to reach 3.3 GW of solar by 2023, the company's president Enrique Diaz-Tejeiro stated.
(EUR 1 = USD 1.12)
SUMMIQ cancels IPO as order book falls short of target
Dec 06, 2019 8:50 CEST
Iberdrola seals EUR-690m loan with EIB at COP25
Dec 05, 2019 16:59 CEST
Enel Green Power commissions 74 MW of Spanish wind farms
Dec 05, 2019 16:13 CEST
Goldwind eyes turbine supply for Valencia port's wind project
Dec 05, 2019 15:25 CEST
Amazon secures 322 MW of renewables in European PPA spree
Dec 05, 2019 13:49 CEST
Repsol announces net zero emissions strategy for 2050
Dec 04, 2019 17:22 CEST
