Solaria Secures €93.5M Financing for 175MW Spanish Solar Project

Solaria Energia y Medio Ambiente has secured a preliminary agreement with Banco Sabadell for up to €93.5 million ($106.2 million) in syndicated project financing to develop its 175MW Oliva solar project in Guadalajara, Spain. This project, consisting of five photovoltaic plants, aims to provide 100% renewable energy sufficient to power 84,000 households annually and is linked to a self-sufficient data center with a guaranteed capacity of 70MW. The financing is contingent upon successful due diligence and final risk committee approval, reflecting Banco Sabadell's confidence in Solaria's commitment to the energy transition and sustainable digitalization. The Oliva project will create approximately 700 local jobs during construction and adds to Solaria’s growing renewable portfolio in the region, which includes the 626MW Cifuentes-Trillo project. Separately, in the U.S., Solar Landscape secured $175 million in long-term shelf financing from PGIM Private Capital to expand its commercial rooftop solar projects across Maryland and Illinois, supporting nearly 43MW of installed capacity with a focus on low- and moderate-income households. Both developments underscore the increasing global investment and demand for renewable energy solutions linked to data centers and commercial infrastructure.