Banco Sabadell to finance 285 MW of Spanish solar PV projects

Solaria and Banco Sabadell have concluded a preliminary, non-binding agreement for the long-term financing of 285 MW of solar photovoltaic (PV) projects in Spain.

Subject to a due diligence review and the approval of the banks' decision-making bodies, the EUR134 million (US$138.4 million) financing will be provided under the project finance modality. 

Solaria aims to have installed 18 GW of emission-free energy by 2030, in line with its Agenda 2030 and the Sustainable Development Goals.