Ecoener increases its sustainable financing line by €50 million to accelerate its international growth

• Coordinated by BBVA, Banco Santander, Société Générale, Banca March, Kutxa Bank, EBN Banco and Banco Sabadell participate in the financing.
• The operation, carried out pursuant to the environmental criteria of the Loan Market Association (LMA), will accelerate the construction of several photovoltaic projects with a total installed power of 400 MW.

Madrid, 20 March 2024.- Ecoener has signed an increase of a sustainable syndicated loan of €50 million (that can be extended up to €80 million) with a consortium of 7 financial institutions. The participating entities, coordinated by BBVA, are Banco Santander, Société Générale, Banca March, Kutxa Bank, EBN Banco and Banco Sabadell.

The new financing maintains the structure of the original operation, signed in 2022, and it allows to accelerate the development of Ecoener’s strategic plan and international growth.

Thus, the company strengthens its assets portfolio in the countries where it is building photovoltaic projects with a total installed power of 400 MW. The group expects to reach 1,000 MW in assets in operation and under construction in the world by 2025.

SUSTAINABLE COMMITMENT

This operation meets the parameters of sustainable financing by complying with the international criteria incorporated by the Loan Market Association (LMA) and reaffirms Ecoener’s commitment to the Sustainable Development Goals (SDGs).

Between 2020 and 2023, Ecoener has multiplied its size by 2.7 times, from 271 MW to 740 MW in operation and under construction, located in America and the Canary Islands.