Banco Bilbao Vizcaya Argentaria (BBVA) recently granted a €38 million green loan to Solarpack through a special purpose vehicle, aimed at facilitating the establishment of a 54MW solar plant in the region of Murcia, Spain.
The financing arrangement, structured as a green facilities agreement, is intended to support the construction, development, and operation of the solar project, which is currently in a ready-to-build status. By investing in sustainable energy initiatives, the partnership between BBVA and Solarpack seeks to contribute to Spain's ongoing efforts to embrace renewable energy sources and reduce carbon emissions.
See also: Solarpack Signs Power Purchase Agreement with Shell Energy Europe for 54MW Solar Project in Murcia
Solarpack, a multinational group of companies specialized in the development, financing, construction, operation, and management of utility-scale solar photovoltaic power plants, boasts a global presence in rapidly expanding markets across Europe, the Americas, Asia, and Africa. This collaboration with BBVA further solidifies their commitment to advancing clean energy solutions on an international scale.
Leading the financial advisory team at WFW Madrid, Partner Rodrigo Berasategui played a crucial role in providing expert guidance to BBVA throughout the deal. Together, BBVA and Solarpack aim to create positive and sustainable impacts in the renewable energy landscape, promoting a greener and more environmentally conscious future for Spain and beyond.
