Elawan funds 147MW Texas solar
- Spanish programmer is progressing two PV projects in the United States state through construction
Spain-headquartered renewables programmer Elawan Energy has closing $160m in debt funding for two solar farms, totalling 147MW in the United States state of Texas.
Both projects financed remain in the building phase and also are expected ahead right into procedure in 2023.
Pitts Dudik Solar lies in Hill County with a mounted capacity of 60MW and Dileo, in Bosque County, will certainly have a capacity of 87MW.
Pedro García Crespo, Elawan Energy's chief financial officer, claimed: "It is great news for the business to finish this appropriate milestone, linked to our ambitious growth strategy in the USA".
Elawan Energy has greater than 36 plants in production in 14 countries, with more than 1.1 GW in operation.
BBVA as well as MUFG, advised by Allen & Overy, supplied the funding, while law firm Orrick sustained Elawan Energy on the closing of the purchase.
