EIB, Natixis co-finance nine solar power plants in Spain

The European Investment Bank has agreed to provide €66 million to Natixis to support the implementation of two photovoltaic solar energy projects in Spain

Firstly, the EIB will provide €25 million to Natixis to build eight solar power plants with a capacity of 254MW. It will generate 438GWh of electricity a year from photovoltaic energy, avoiding the release of 204,000 tonnes of CO₂ into the atmosphere. Three of these plants will be in the municipality of Tordesillas, in Valladolid. Three further plants will be built in Salamanca (two in Valdelosa and one in Palacios del Arzobispo), another in the municipality of Casatejada in Cáceres, and lastly one in Huesca, in the municipality of Poleñino.

The plants are owned by Solaria Energía y Medio Ambiente S.A, which is also the developer, builder and operator.  

The second solar power project supported by the EIB will be in Alcalá de Guadaira, Seville, with the EU bank providing €41 million to Natixis to finance its construction. The project promoter is Spanish company Novasol Invest La Isla, which is located in Seville and was also a successful bidder in the 2017 renewable energy auction.

This complex will have a total capacity of over 182MW and will be capable of generating 341GWh of electricity a year without producing polluting emissions of any kind, while helping to prevent the release of 127,000 tonnes of CO₂.