X-ELIO has closed a financing deal for three solar PV projects located in the Spanish region of Extremadura with a total capacity of 147MW.
Los Llanos 1, 2 and 3 in the municipality of Medina de las Torres, Badajoz, will together generate more than 300,000MWh of clean energy per year, an average estimated supply of renewable energy to the equivalent of 91,800 homes/year.
With these new projects, X-ELIO consolidates its commitment to Extremadura, one of its strategic and key regions in Spain, where it opened a new office in Mérida last year.
Chief financial officer of X-ELIO Nicholas Pentreath said: “The closing of this landmark financing agreement demonstrates the trust of two leading global banks in the development of X-ELIO’s high quality portfolio of sustainable solutions.
“It is a major step towards achieving our objectives of renewable energy deployment and keeps demonstrating the company’s ability to raise competitive finance with world leading financial institutions, as is Santander and BBVA.”