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Spain

NORD/LB provides around 110 million euros for three solar farms under construction in Spain

NORD/LB has announced around 110 million euros in financing for the development of three Spanish solar farms currently being constructed by Capital Dynamics in the Aragon region, featuring over 250,000 ground-mounted panels.
NORD/LB provides around 110 million euros for three solar farms under construction in Spain
Courtesy of NREL.

The projects will generate enough clean renewable energy for almost 30,000 households.

Under its National Integrated Energy & Climate Plan (PNIEC), published in September 2024, Spain aims to increase its solar capacity to a total of 76 GW by 2030. The solar farms are set to play a pivotal role in helping Spain to reach these ambitious solar and renewable energy targets more broadly.

“We are pleased to partner with NORD/LB on this significant financing, which will support the construction and operation of the solar projects” said Dario Bertagna, Senior Managing Director and Co-Head of Clean Energy. “These projects are a testament to our commitment to accelerating the clean energy transition and delivering long-term, sustainable value to our investors and local communities. Spain remains a key market for Capital Dynamics, and this financing is an important step in expanding our renewable energy footprint in the region.”

For additional information:

NORD/LB

Capital Dynamics

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