Sabadell finances SEAT's solar project, acquires stake

• Sabadell's EUR 20 million investment in SEAT's solar project showcases their dedication to renewable energy financing. A bright future ahead for sustainable power in Catalonia.

Spanish bank Sabadell will provide EUR 20 million in project financing for SEAT's solar self-consumption systems in Catalonia. Sabadell's equity investment division, Sinia Renovables, has acquired a 49% stake in the project, which includes the installation of 26.46 MWp of solar arrays. The remaining 51% is held by Conecta2Energia, with Grupo Greening 2022 SA handling the construction.

The solar panel installation is part of SEAT's SEAT al Sol 2 project, covering three sites in Catalonia. Once operational, the systems will generate enough electricity to cover around 11% of SEAT's total power consumption. This partnership highlights Sabadell's commitment to financing and investing in renewable energy projects.

What is Sabadell's role in financing SEAT's solar self-consumption systems in Catalonia?

• Sabadell will provide EUR 20 million in project financing for SEAT's solar self-consumption systems in Catalonia
• Sabadell's equity investment division, Sinia Renovables, has acquired a 49% stake in the project
• The project includes the installation of 26.46 MWp of solar arrays
• The remaining 51% stake is held by Conecta2Energia, with Grupo Greening 2022 SA handling the construction
• The solar panel installation is part of SEAT's SEAT al Sol 2 project, covering three sites in Catalonia
• Once operational, the systems will generate enough electricity to cover around 11% of SEAT's total power consumption
• This partnership highlights Sabadell's commitment to financing and investing in renewable energy projects.