Solaria leads this Monday the rises of the selective, trading with rises above 11% that have led it to touch intraday 16.73 euros.
Solaria’s increases in the Ibex 35 today come after it was learned that the photovoltaic solar energy generation company has reached an initial non-binding agreement with ABN AMRO, Commerzbank and the European Investment Bank (EIB) for the financing of long-term project of 736 MW of photovoltaic solar plants in Spain for a total of 375 million euros.
This is the largest financing agreement in Solaria’s history. The agreement is subject to the successful completion of the “due diligence” of the projects and the approval of the decision-making bodies of the entities.
The financing is articulated under the ‘project finance’ modality and it is the largest agreement of this type in the history of the renewables group.
Solaria’s president, Enrique Díaz-Tejeiro, considered that this financing “will contribute to achieving the company’s objectives and, therefore, to ensuring the energy transition, which is key for society”.
The company indicated that the energy fed into the grid by the 736 MW photovoltaic plants will be 100% renewable and will prevent the emission of 340,000 tons of CO2 into the atmosphere annually. The generation of these photovoltaic plants could supply 416,000 Spanish homes per year.
