Ansasol bags Banco Sabadell debt for 70 MW of solar in Spain

• Spanish solar project developer Ansasol has actually acquired debt funding from residential lending institution Banco de Sabadell (BME: SAB) to bankroll the construction of 69.5 MW of photovoltaic or pv (PV) parks in Andalusia.

The Spanish lender announced on Friday it will expand a loan center of EUR 30 million (USD 30.7 m) that will certainly cover a section of the whole funding needed for the particular projects. The whole financial investment that will be assigned for the schemes was not divulged

Ansasol intends to start developing the proposed PV plants between completion of 2022 and the beginning of 2023.

Malaga-based Ansasol has actually established solar PV projects with a combined capacity of over 1.2 GW, amongst which is the 150-MW Don Rodrigo scheme in Seville. Besides solar, the company is also creating eco-friendly hydrogen projects, with one of its most recent ones in this field being a 440-MW electrolysis plant to create eco-friendly hydrogen with 550 MW of solar capacity in the Castile and also Leon region.