X-Elio has secured financial close for three solar photovoltaic projects, Los Llanos I, II, and III, located in the Spanish region of Extremadura, specifically in Medina de las Torres, Badajoz, Spain.
The joint funding from Spanish banks BBVA and Santander CIB is divided into EUR82 million (US$90.11 million) in debt, EUR20 million (US$21.98 million) in guarantees, and EUR6 million (US$6.59 million) in credit.
The three solar farms, with a total installed capacity of 147 MW, will generate more than 300,000 MWh of clean energy per year, an average estimated supply of renewable energy to the equivalent of 91,800 homes per year. With these new projects, X-ELIO consolidates its commitment to Extremadura, one of its strategic and key regions in Spain, where it opened a new office in Mérida last year.
