X-ELIO reaches economic close on Spanish PV projects

• 3 solar sites in Extremadura have a complete capacity of 147MW

X-ELIO has actually shut a funding deal for 3 solar PV projects located in the Spanish area of Extremadura with an overall capacity of 147MW.

Los Llanos 1, 2 and 3 in the district of Medina de las Torres, Badajoz, will with each other produce more than 300,000 MWh of clean power each year, an average estimated supply of renewable energy to the equivalent of 91,800 homes/year.

With these new projects, X-ELIO consolidates its commitment to Extremadura, among its critical and also essential regions in Spain, where it opened a new office in Mérida last year.

Chief financial officer of X-ELIO Nicholas Pentreath claimed: "The closing of this landmark funding arrangement demonstrates the trust of two leading worldwide banks in the advancement of X-ELIO's top quality portfolio of sustainable options.

" It is a major step in the direction of achieving our objectives of renewable resource release and also maintains showing the business's capability to elevate competitive money with globe leading financial institutions, as is Santander as well as BBVA."