X-ELIO Secures Financing for 147MW Solar PV Projects in Extremadura, Spain

Credit: X-ELIO

, a leading renewable energy company, has announced the closure of a landmark financing deal for three solar PV projects in the Spanish region of . The projects, known as Los Llanos 1, 2, and 3, are located in the municipality of Medina de las Torres, , and have a total capacity of 147MW.

Once operational, the projects will generate more than 300,000MWh of clean energy per year, enough to power 91,800 homes annually. This will make a significant contribution to reducing carbon emissions and promoting sustainable development in the region.

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X-ELIO's investment in Extremadura reflects the company's commitment to the region, which it has identified as a strategic and key location for renewable energy development in . The company opened a new office in Mérida last year, further strengthening its presence in the region.

Commenting on the financing deal, X-ELIO's Chief Financial Officer, 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 with world leading financial institutions, as is Santander and BBVA.”

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The financing deal was led by Santander and BBVA, two of the world's largest banks. Their involvement is a testament to the quality of X-ELIO's portfolio and its proven track record in developing sustainable solutions.

X-ELIO's investment in Extremadura represents a significant milestone in the development of renewable energy in Spain. The company's commitment to sustainability and its ability to attract financing from leading financial institutions position it as a key player in the transition to a low-carbon economy.

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