Equitix Secures €271M for Spanish Renewable Projects

• Equitix lands €271 million from Banco Santander to power hybrid renewable projects in Spain, merging wind, solar, and battery storage for a sustainable energy future.

UK infrastructure investor Equitix has secured EUR 271 million (USD 288.1 million) from Banco Santander to finance a portfolio of hybrid renewable energy projects in Spain. The funding will support the refinancing, development, and construction of facilities that combine wind, solar, and battery energy storage, with a total capacity exceeding 326 MW.

Previously, Equitix announced the acquisition of four wind farms in Spain—two already operational and two under construction. The initiative aims to establish hybrid facilities by co-locating solar photovoltaic plants and battery storage systems with wind farms, thereby optimizing grid capacity utilization.

How will Equitix utilize the EUR 271 million funding for renewable projects in Spain?

Equitix's strategic use of the EUR 271 million funding from Banco Santander for its renewable energy initiatives in Spain can be broken down as follows:

• Refinancing Existing Projects: A portion of the funding will be allocated to refinancing the existing wind farms to improve their financial structure and enhance operational efficiency.
• Development of New Facilities: The investment will support the planning and development phases of new hybrid renewable energy projects that integrate wind, solar, and battery technologies, ensuring a diversified energy portfolio.
• Construction and Commissioning: Funds will be directed toward the construction of additional renewable facilities, facilitating the timely completion and commissioning of projects that will significantly contribute to Spain's energy transition.
• Integration of Advanced Technologies: Equitix intends to incorporate cutting-edge technologies in solar photovoltaic systems and energy storage solutions, enhancing the efficiency and reliability of the hybrid projects.
• Enhancing Grid Capacity Utilization: By co-locating solar and battery storage with wind farms, Equitix aims to maximize the use of existing grid infrastructure, preventing congestion and improving overall system stability.
• Support for Local Communities: A portion of the funding may be allocated to community engagement programs, ensuring that local stakeholders benefit from the renewable projects through job creation and local investments.
• Sustainability and Environmental Compliance: Equitix will implement measures to ensure that all projects adhere to stringent sustainability and environmental regulations, promoting biodiversity and reducing the carbon footprint.
• Long-term Asset Management: The funding will also contribute to the establishment of robust asset management practices, ensuring the long-term sustainability and profitability of the renewable energy portfolio.
• Collaboration with Local Energy Stakeholders: Equitix plans to collaborate with local governments and energy agencies to align their projects with regional energy goals and enhance support for renewable initiatives.
• Promotion of Renewable Energy Adoption: The investment will play a crucial role in Spain's broader renewable energy strategy, helping to meet national targets for increasing the share of renewables in the energy mix and reducing greenhouse gas emissions.

Through these strategic actions, Equitix aims to strengthen its position in the renewable energy market in Spain while contributing to the country's energy goals and environmental sustainability.