Banco Sabadell finances long-term Solaria projects for 134 million euros

MADRID, 11 Nov.

Banco Sabadell finances long-term Solaria projects for 134 million euros

MADRID, 11 Nov. (EUROPA PRESS) -

Solaria has reached an agreement in principle with Banco Sabadell for the long-term financing of projects totaling 285 megawatts (MW). The financing is articulated under the 'project finance' modality for an amount of 134 million euros.

As reported by Solaria to the National Securities Market Commission (CNMV), the agreement is subject to the successful completion of the due diligence of the projects and the final approval of the bank's risk committee.

Solaria obtained a net profit of 43.7 million euros in the first half of the year, which represents an increase of 85% compared to the same period of the previous year.

The revenue figure of the renewable group in the period from January to June reached 75.4 million euros, with a growth of 52%, while its gross operating result (Ebitda) increased by 61%, to 68, 1 million euros.

Solaria shares climbed 1.27% at 9:48 am, to 17.10 euros.

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