Natixis in double solar move after funding milestones in Spain and Chile

Facebook
Twitter
LinkedIn
Reddit
Email
Natixis and the EIB will co-sponsor plants in the provinces of Valladolid (pictured), Salamanca, Cáceres, Huesca and Seville. Image credit: Santiago López Pastor / Flickr

Natixis has announced two sizeable solar moves in Spain and Chile, with plans to sponsor several hundred megawatts of new capacity in two of the world’s more active PV markets.

On Thursday, the financier closed an agreement with the European Investment Bank (EIB) that will lay the groundwork for the deployment of two major solar installations in Spain.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The deal will see the EIB lend a first €25 million (US$28 million) to a 254MW portfolio Natixis is co-sponsoring across various inland locations, the work of developer Solaria Energía y Medio Ambiente.

The first batch of eight PV plants are slated for construction in the provinces of Valladolid, Salamanca, Cáceres and Huesca, backed under one of Spain’s renewable auctions of 2017, and are expected to generate some 438GWh of power each year.

The EIB and Natixis will join forces again to co-finance a 182MW second complex in Alcalá de Guadaira, the same location for BayWa r.e.’s subsidy-free PV series; Don Rodrigo.

This 341GWh-a-year second installation in the province of Seville is a development by Spanish player Novasol Invest La Isla, which like Solaria reaped government support at the 2017 auction.

Natixis taps Chile’s distributed generation potential

Over 10,000 kilometres to Spain’s southwest, in Chile, news emerged this week linking Natixis to another solar project, a portfolio owned by a subsidiary of French firm CVE.

The bank said on Thursday it will supply US$87 million in closed senior facilities to a fleet of 20 PV plants CVE Chile has developed or is developing, eyeing up to 110MW in new solar all in all.

The 20 plants are all set to be subsidised under Chile’s distributed generation programme, known under its Spanish acronym of PMGD [Pequeños Medios de Generación Distribuida].

The installations lie at different stages of development. Seven of the 20 (30MWp) are already operational, while five (20MWp) are being built and eight (50MWp) await their final permits.

CVE Chile’s statement did not identify any of the 20 plants, but the company’s website lists four plants in the 3.3MWp-3.8MWp range near capital Santiago, all part of the PMGD regime.

Natixis’s involvement marks the latest bout of solar activity in Chile, an established PV market witnessing a surge of construction around the Atacama Desert, to the north.

Solar's new era in Europe and beyond will take centre stage at Solar Media's Solar Finance & Investment Europe (London, 5-6 February) and Large Scale Solar Europe 2020 (Lisbon, on 31 March-1 April 2020).

The prospects and challenges of Latin American solar and storage will be explored at Solar Media's Energy Storage Latin America, to be held in Colombia on 28-29 April 2020.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 10, 2025
German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'
July 10, 2025
Copenhagen Energy has partnered with Thy-Mors Energi to set up a 100MW PV and BESS project in Ballerum, about 370km from Copenhagen. 
July 9, 2025
Many European countries generated record levels of solar power in the first half of 2025, according to figures from Fraunhofer ISE.
July 8, 2025
Germany could install 500GW of new solar agrivoltaics (agriPV) capacity on its most 'suitable' land, according to Fraunhofer ISE.
July 8, 2025
German solar glass manufacturer Glasmanufaktur Brandenburg (GMB) has filed for insolvency after posting monthly losses of €900,000 this year.
Premium
July 7, 2025
Collecting project performance data and managing cybersecurity concerns is no simple task for many project managers.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK