Estabanell signs a loan with Triodos and ICF to grow in renewables
The company will have €22 million to deploy 16 own photovoltaic solar parks
BarcelonaThe Catalan energy company Estabanell has signed a syndicated loan of 22 million euros with Triodos Bank and the Institut Català de Finances (ICF) to deploy 16 of its own photovoltaic solar parks. In a statement, the Catalan company, based in Granollers (Vallès Oriental), explained that Triodos will contribute 15 million and the ICF the remaining seven million.
With this financing, structured through a project finance, Estabanell aims to increase its photovoltaic capacity by 62.8 MWp installed, mainly with solar parks in Catalonia. "This agreement represents a significant boost for the group's growth strategy, as it allows us to advance in the construction of photovoltaic parks under the distributed generation model that Estabanell is committed to," the company stated.
These new renewable generation facilities –most of which will be developed with the group's engineering subsidiary specialized in photovoltaic generation, Estabanell Innover– are expected to be operational before June 30, 2027.
Estabanell is currently finalizing the construction and connection of three solar parks in Vidreres (Selva), La Garriga (Vallès Oriental), and Figuerola del Camp (Alt Camp), which are part of the same strategic axis of growth in renewable generation.
Among the solar parks that will come into operation during 2027 are those in Fonollosa (Bages), El Catllar (Tarragonès), Manlleu (Osona), and Moià (Moianès), as well as other facilities outside Catalonia that are part of the group's global renewable development plan.
The general director of Estabanell, Teresa Roig, highlights: "This financing agreement marks a turning point in our capacity to generate our own renewable energy and allows us to move towards a more sustainable energy model, rooted in the territory and aimed at ensuring a clean and competitive supply for our clients." "The confidence of Triodos Bank and the ICF strengthens the solidity of our model and the rigor with which we approach each project," says Roig.
Energy transition
In the words of Miguel Ángel Amores, head of renewable energies and environmental technologies at Triodos Bank, "this financing reflects how banking can continue to support the energy transition and reduce dependence on fossil fuels with solid structures that combine diversification, stable income through long-term PPAs, and the full support of a company with a great energy track record like Estabanell". "This project is a great example of support for the real and local economy, where the savings of our clients, many of them Catalan, are transformed into renewable generation plants in Catalonia with good environmental integration, promoted by a Catalan energy company with a strong local presence and with the additional financial support of the Institut Català de Finances," states Amores.
The CEO of ICF, Vanessa Servera, affirms that "sustainability is one of the strategic financing pillars of the public promotion bank and ambitious projects like Estabanell's contribute to fostering the energy transition of companies and society as a whole and drive a more sustainable future".
