Grupotec closes financing for 50 MWp Almansol solar PV project in Spain

GRUPOTEC has formalized with BANKIA the financing for the construction, commissioning and operation of a photovoltaic solar plant located in the province of Albacete, called the Almansol Project, with a total combined power of 50 MWp.

The total amount of the debt of EUR29.2 million (US$32.8 million), which has been structured under the Project-Finance modality. The operation has been secured by Bankia in its role as mandated lead arranger and sole bookrunner.