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X-Elio secures financing deal to fund its solar activities in Spain

X-Elio has secured a financing deal with Bankinter to fund its solar activities in Spain.


The company completed financing of €35 million, which will be invested in the development, operation and maintenance of three solar projects in Spain. The projects will have a total capacity of 67MW.


According to the company, the funds will be allocated to two projects of 50MW. It informed that one project is under construction, while the other has been in operation since 2021.


These solar projects are located in the municipality of Xixona in the Valencian Community.


Likewise, the third 17MW project is in operation in the municipality of Fuente Álamo in the Region of Murcia.


Nicholas Pentreath, Chief Financial Officer of X-Elio, was quoted in a statement, "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.”


He further remarked that the company will continue to explore partnerships to support the renewable energy industry of Spain.


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