Solaria bags €59.45m from Banco Sabadell for large-scale PV portfolio in Spain

Facebook
Twitter
LinkedIn
Reddit
Email
Image credit: Solaria Energia y Medio Ambiente

Solaria Energia y Medio Ambiente has nailed a long-term financing agreement with Spanish bank Banco Sabadell for the development of four PPA-backed PV plants, totalling 108.5MW.

The bank will provide €59.45 million (US$65.46 million) to the developer for a 16-year period.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The plants are contracted to Spanish oil major Repsol for a period of seven years.

Solaria’s head of investor relations David Guengant told PV Tech in July that the firm had 75MW of operational PV in Spain, of which 35MW was subsidy-backed, and a further 400MW under development.

The Madrid-based firm wants to deploy 650MW of domestic PV annually and become the country’s top independent power producer by 2023, with a total pipeline of 3GW.

In October, the firm expanded the capacity of its major Trillo project in the Guadalajara region from 450MW to 626MW, after revealing that it had secured a favourable grid connection (IVA), a feasibility access permit and debt financing for the plant earlier that month.

The Trillo project is Solaria’s largest and will be one of the biggest solar plants in Europe.

Solaria launched in 2002 as a manufacturer of panels and modules, becoming listed in Madrid five years later.

The prospects and challenges of 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).

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

September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.
September 9, 2025
Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale.
September 9, 2025
The average price of solar modules sold in Europe fell marginally between July and August, while buyers’ confidence remained steady.
September 8, 2025
France has awarded 971MW of ground-mount solar capacity, to 165 projects, in the eighth round of the PPE2 PV tender.
September 5, 2025
Scientists from Germany and Saudi Arabia have discovered that perovskite thin-film cells are compatible with current industry standard silicon solar cells, which they claim is a “crucial step toward the industrialisation of perovskite silicon tandem solar cells”.
September 4, 2025
Fraunhofer ISE has completed testing work of grid-forming inverters currently available in the energy industry.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines