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Matrix Renewables wins €47 million financing to build Spanish solar plant

  • 9 months ago (2023-09-07)
  • David Flin
Europe 1065 Solar 248

Matrix Renewables , the Spanish developer, has won €47 million in non-recourse project financing from Banco Sabadell to support construction of a 50 MW solar power plant in Seville, Spain.

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The plant will be built in the municipality of La Rinconada. The plant is scheduled to be operational in Q1 2024.

Nicolas Navas, CFO of Matrix Renewables, said: “This is yet another important step for Matrix Renewables in consolidating its strong pipeline and portfolio across Europe. We feel very proud to add this project to the existing €1.4 billion we have financed since our inception in September 2000.”

In addition, in August, Matrix Renewables acquired a controlling interest in the 200 MW Pleasant Valley solar power plant in Ada County, Idaho, USA from rPlus Energies . The power generated from the project will be transmitted to the Idaho power grid.