Ansasol baggage Banco Sabadell debt for 70 MW of photo voltaic in Spain

August 5 (Renewables Now) – Spanish photo voltaic challenge developer Ansasol has obtained debt financing from home lender Banco de Sabadell (BME:SAB) to bankroll the development of 69.5 MW of photovoltaic (PV) parks in Andalusia.

The Spanish lender introduced on Friday it would prolong a mortgage facility of EUR 30 million (USD 30.7m) that may cowl a portion of your complete capital required for the actual tasks. The entire funding that can be allotted for the schemes was not disclosed

Ansasol intends to begin constructing the proposed PV vegetation between the tip of 2022 and the start of 2023.

Malaga-based Ansasol has developed photo voltaic PV tasks with a mixed capability of over 1.2 GW, amongst which is the 150-MW Don Rodrigo scheme in Seville. Other than photo voltaic, the corporate can be growing inexperienced hydrogen tasks, with one in every of its newest ones on this subject being a 440-MW electrolysis plant to supply inexperienced hydrogen with 550 MW of photo voltaic capability within the Castile and Leon area.

(EUR 1.0 = USD 1.024)

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