X-ELIO and Bankinter successfully close a €35 million financing agreement 

  • The funds obtained will be allocated to the development, operation and maintenance of a solar portfolio of 67 MW in Spain 

Madrid, 14 December 2023 – X-ELIO, a global leader in the development of renewable energy projects, has successfully closed a financing agreement with Bankinter for a total amount of €35 million. These funds will be invested in the development, operation and maintenance of three photovoltaic solar energy projects in Spain with a total capacity of 67 MW. 

Specifically, the funds will be allocated to two projects of the company in the Municipality of Xixona in the Valencian Community. These projects sum up a capacity of 50 MW being one under construction, expected to be completed by the end of year, and the other in operation since 2021. The other 17 MW fall under a project in operation located in the municipality of Fuente Álamo in the Region of Murcia.

These projects represent a significant boost to the penetration of clean energy in the Spanish energy mix contributing to the achievement of the energy transition goals set for the coming years. 

-Nicholas Pentreath, Chief Financial Officer of X-ELIO stated, “At X-ELIO our mission is clear. We continue to deliver high quality projects in a market that has always demonstrated to be an advanced and key strategic location for the development of clean energy as is Spain. We will keep seizing the opportunities the market offers to address climate needs in collaboration with top-tier partners like Bankinter.”

About X-ELIO

X-ELIO is a company specialized in the development, construction, financing, and operation of sustainable renewable energy projects with a global presence in Europe, the United States, Latin America, Japan, and Australia. The firm has 18 years of experience and has constructed over 2.8 GW. The group is a global leader in sustainable renewable energy development, with a strong commitment to reducing greenhouse gas emissions and combating climate change. For more information, please visit our website at www.X-ELIO.com , our LinkedIn profile at https://www.linkedin.com/company/x-elio, or our Twitter profile at https://twitter.com/X_Elio 

Contacts

X-ELIO Corporate PR Office:

Isabel Ruiz

E: press@x-elio.com

T: +34 696 37 32 29

X-ELIO External Agency – Kreab:

Luciano Figari 

E: x-elio@kreab.com

T: +34 616 220 250