Grenergy has closed €98m in non-recourse financing for its 172MW Ayora photovoltaic plant in Valencia.
The financing, which includes €13.6m in LC Loans, was formalised entirely with Banco Santander, the company said.
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The plant is already built and currently in the commissioning phase, while Ayora also holds a 15-year power purchase agreement.
Grenergy has secured significant financings this year, including $270m in September for the Elena phase of Oasis de Atacama.
The company added that it raised $324m earlier in the year for the Gabriela phase of the same project.
Grenergy’s Spanish pipeline includes 3GWh of hybrid storage projects and 5.7GWh of stand-alone battery schemes.