MADRID, 21 Abr. (EUROPA PRESS) –
X-Elio, developer of renewable energy projects, has closed a financing agreement of 102 million euros with BBVA and Santander Corporate
Specifically, of the 102 million euros of the joint financing of BBVA and Santander CIB, 82 million are debt, 6 million euros in RSD credit and 14 million euros in line of guarantees.
These projects, ‘Los Llanos I – II – III’, with a total installed capacity of 147 megawatts (MW) will jointly generate more than 300,000 megawatt hours (MWh) of clean energy per year, with an estimated average supply of renewable energy equivalent to 91,800 homes/year.
With these new projects, the developer has consolidated its commitment to Extremadura, one of its “key strategic” regions in Spain, where last year it opened a new office in Mérida.
According to X-Elio’s CFO, Nicholas Pentreath, the closing of this financial deal demonstrates the confidence of two “world-leading” banks in developing the developer’s portfolio of “high-quality” sustainable solutions for renewable energy projects.
Within the ‘X-Elio Sustainable Communities Program’, in parallel to the development of these projects, the company has also deployed several actions in the municipality of Medina de las Torres in order to support its socioeconomic development under the four pillars of the Program , being these, education, the environment, health and communities.
For the director of Central Regional Corporate Banking at BBVA, Elena López Nieto, the support for the X-Elio project, which stands out in the field of renewable energies, is another step in the entity’s commitment to renewable energies and the reduction of carbon dioxide.
For his part, the global director of Structured Financing at Santander CIB, Benoit Felix, congratulated X-Elio and all those who have participated in the execution of the project, since the bank “remains fully committed to contributing to future growth of the developer’s portfolio globally.
