Financing closed with Bankia for a 50MW photovoltaic solar plant

Financing closed with Bankia for a 50MW photovoltaic solar plant

Financing closed with Bankia for a 50MW photovoltaic solar plant

Above, left to right: Javier Bonell (Business Manager, Valencia), Olallo Villoldo (President of Grupotec), Carlos Aguilera (Director of Business Dealings, Valencia Region and Murcia)
Below, left to right: César Moreyra (Vice President of Grupotec), Miquel Sanchis (Business Manager, Valencia).

GRUPOTEC has finalised financing with BANKIA for the construction, commissioning and operation of a photovoltaic solar plant with a 50MWp aggregate output, called Proyecto Almansol, located in the province of Albacete.
The total value of the 29.2M€ loan is structured through the project finance modality. The transaction has been guaranteed by Bankia in their role as mandated lead arranger and sole bookrunner.
The project’s sponsor is the company GRUPOTEC, who boast ample experience in the photovoltaic energy sector at the international level, having constructed more than 800 MW. This is the GRUPOTEC’s second investment within the framework of its strategy en Spain, in which the objective has been set to have ownership of 500 MW before the end of 2022.

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