Spain's Solaria inks project finance for 736 MW of house solar
- Spanish renewables firm Solaria Energia y Medio Ambiente SA (BME: SLR) has actually signed an agreement with banks to safeguard long-term financing for a 736-MW solar PV portfolio in Spain, it introduced on Thursday.
Dutch bank ABN AMRO Bank NV (AMS: ABN), German lending institution Commerzbank AG (ETR: CBK) and also the European Investment Bank (EIB) expanded project financing totalling EUR 371.9 million (USD 388.8 m). Nothing else details was divulged.
Solaria has around 987 MW of solar energy in operation, spanning southerly Europe as well as Latin America. This year, the company increased into the wind power business, largely to hybridise its solar plants with wind farms any place possible.