Subsidy-free 50MW project finds lender in Spain

July 5, 2019
Facebook
Twitter
LinkedIn
Reddit
Email
For aventron, the subsidy-free PV push in Spain follows rooftop developments in Switzerland and France (Credit: aventron)

Another developer vying to make its mark on Spain’s subsidy-free scene has made progress, hitting financial close on a project and launching construction works.

Swiss player aventron said this week Banco Sabadell will back the 50MW Bargas plant in the Toledo province – just south of capital Madrid – with a debt package.

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 statement did not specify the volumes of funding Sabadell will provide but PV Tech understands the debt-to-equity ratio will be roughly half-and-half.

The project is the first of a 100MW subsidy-free pipeline aventron is deploying alongside co-developer Synergia Energy Solutions, with plans for a second 50MW plant in the Murcia province.

Solarpack Corporación Tecnológica, which is the appointed EPC for both projects, has now received the notice to start building 50MW Bargas in Toledo.

The first plant should now take nine months to complete and is designed to produce 90GWh of annual clean energy volumes every year, according to aventron.

The Spanish subsidy-free duo is part of the Swiss group’s ambitions to reach 1GW in installed renewable capacity, with plans to hit the 600MW mark by the end of 2020.

The firm owns 58 rooftop PV plants (32.5MW all in all) across Switzerland, as well as a further 16 (3.5MW) in France. It is also the majority owner of two 12MW plants near Bordeaux, France.

With headquarters just outside Basel, the developer also manages an extensive portfolio of wind and hydropower in Europe.

For Solarpack, upcoming construction work in Spain comes after the firm hit milestones with projects in Latin America, including the opening in May of 123MW La Granja in Atacama.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
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

October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
Premium
October 28, 2025
BESS are 'the new player that everyone is talking about,' in Europe’s power purchase agreement (PPA) space, according to LevelTen.
October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 28, 2025
Navigating module procurement in this financial environment will be a key topic of conversation at the PV ModuleTech Europe 2025 event.
October 28, 2025
PV projects operate close to technical and financial limits, meaning that inaccurate inputs can have performance and profitability impacts.
October 28, 2025
Chinese solar inverter producer GoodWe has launched a new “low noise, low weight” string inverter for the European corporate & industrial solar market.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany