X-ELIO Closes $112 Million Financing for Solar Projects in Spain
The financing was led by BBVA and Santander CIB
April 25, 2023
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X-ELIO, a solar project developer, closed a 102 million euros (~$112 million) financing deal for Los Llanos I, II, and III solar projects, totalling 147 MW in Spain. The financing was provided jointly by BBVA and Santander CIB for €82 million (~$90 million) of debt, €6 million (~$7 million) in RSD Credit, and €20 million (~$22 million) in Guarantees.
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Sohini Aich
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