Three solar PV projects with a combined capacity of 147MW are being financed by X-ELIO in the Spanish area of Extremadura.
Together, the Los Llanos 1, 2, and 3 in the Badajoz municipality of Medina de las Torres will produce more than 300,000 MWh of renewable energy annually, or enough to power 91,800 houses annually.
With the launch of these new initiatives, X-ELIO strengthens its ties to Extremadura, one of its strategic and important geographic areas in Spain, where it established a new office in Mérida last year.
Nicholas Pentreath, Chief financial officer of X-ELIO, 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.”
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