Spain’s Solaria inks undertaking finance for 736 MW of dwelling photo voltaic

July 1 (Renewables Now) – Spanish renewables firm Solaria Energia y Medio Ambiente SA (BME:SLR) has signed an settlement with banks to safe long-term financing for a 736-MW photo voltaic PV portfolio in Spain, it introduced on Thursday.

Dutch financial institution ABN AMRO Financial institution NV (AMS:ABN), German lender Commerzbank AG (ETR:CBK) and the European Funding Financial institution (EIB) prolonged undertaking finance totalling EUR 371.9 million (USD 388.8m). No different data was disclosed.

Solaria has round 987 MW of solar energy in operation, spanning southern Europe and Latin America. This 12 months, the corporate expanded into the wind energy enterprise, primarily to hybridise its photo voltaic vegetation with wind farms wherever doable.

(EUR 1.0 = USD 1.045)

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