Construction is set to begin on the €228m ($256m), 300 MW Talasol Solar project in Spain, after Ellomay Capital achieved financial close. The company said it had completed a pre-financing deal with Spanish bank Santander for its solar project, which will be built by German construction firm Siemens. Under a credit facilities assignment, and sale and purchase of shares agreement, the partners paid approximately €16.1m for 49% of Talasol’s shares and a further 49% of the shareholder development loans. Construction is scheduled to take 16 months.
Construction is set to begin on the €228m ($256m), 300 MW Talasol Solar project in Spain, after Ellomay Capital achieved financial close. The company said it had completed a pre-financing deal with Spanish bank Santander for its solar project, which will be built by German construction firm Siemens. Construction is scheduled to take 16 months.