Matrix Renewables has secured a new long-term financing agreement with Natixis for a 129MW solar farm at Almonte in Huelva, Spain.
This financing has been certified as a green loan and complies with all the principles that aim to promote sustainability and projects with clear environmental benefits.
The project is split into three plants, with storage intended to be added shortly after commissioning.
It will create more than 500 jobs in the area during its construction phase, which is expected to start operations in the first quarter of 2023.
Matrix Renewables chief financial officer Nicolas Navas said: “This agreement represents the power of collaboration and continued support for renewable energy development.
“The support from the financial industry, national and international, to Matrix represents the fourth long term financing completed across three countries in the last six months totalling more than $578M.
“Spain is our home market, so this milestone is quite significant for our growing ambitions in the country, as we hope to be able to close more of these long-term financing agreements in the near future.”
Law firm Watson Farley & Williams advised Natixis on the project financing.