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

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 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

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.
July 7, 2025
In Europe, PV panel prices fell marginally between May and June, leading to a slight downturn in European module buyers’ market confidence.
July 3, 2025
Spanish IPP Zelestra has secured a €235 million (US$277 million) increase to its sustainability-linked loan, bringing the total to €770 million.
Premium
July 3, 2025
Meeting the UK’s solar targets will not simply require the installation of new capacity, but investment in grid infrastructure and training.

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