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 joint power of 50 MWp.
The total amount of the debt of 29.2 Million euros, which has been structured under the Project-Finance modality. The operation has been underwritten by Bankia in its role as mandated lead arranger and sole bookrunner.
The sponsor of the project is the company GRUPOTEC, which has extensive experience in the photovoltaic sector at an international level with more than 800 MW built. This is GRUPOTEC’s second investment within the framework of its strategy in Spain, in which it has set itself the objective of reaching 500 MW in ownership before the end of 2022.