X-ELIO, a Brookfield-owned company specializing in the development, construction, financing and operation of renewable-energy projects, has closed a €89 million ($95 million) financing deal to fund photovoltaic solar energy projects in Spain.
Societe Generale served as sole bookrunner, mandated lead arranger and hedge provider in the financing.
This financing will be assigned to three key projects for the company, totaling 123 megawatts peak, located in different regions of Spain and at different stages of development. The assets involved in the operation are an X-ELIO PV plant in Almeria, which is currently reaching the end of its construction phase, and two additional plants — one located in Murcia and the other in Granada. Both have been under construction since the end of 2023.
“We are very pleased to be able to count on the support of Societe Generale for these key projects in our portfolio,” said Lluís Noguera, CEO of X-ELIO. “This funding will