Latest
The Oliva Solar project will be linked with the development of a data center based on a self-consumption model. Image: Solaria
Renewables developer Solaria has reached an agreement in principle with Spanish bank Banco Sabadell to finance a 175MW solar PV plant in Spain.
Located in the central province of Guadalajara, the ‘Oliva Solar’ project will be linked with the development of a data center based on a self-consumption model, with a guaranteed capacity of 70MW.
This article requires Premium Subscription Basic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Regular insight and analysis of the industry’s biggest developments
In-depth interviews with the industry’s leading figures
Unlimited digital access to the PV Tech Power journal catalogue
Unlimited digital access to the Photovoltaics International journal catalogue
Access to more than 1,000 technical papers
Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
In principle, Banco Sabadell will provide syndicated project finance for up to €93.5 million (US$106 million), with the agreement subject to the successful completion of the due diligence of the projects and the final approval of the bank’s risk committee.
As frequent readers of PV Tech will know, hyperscalers (the largest global data centre companies) are increasingly interested in powering their data centres with renewables – including solar PV and energy storage – particularly in the US. A recent report from the International Energy Agency (IEA) forecast that the global electricity demand from data centres will more than double by 2030 to more than 945TWh annually. Nearly 80% of that global data centre demand growth is set to come from the US and China, which will grow by 130% and 170%, respectively.
In Europe, data centre demand has “expanded massively” in Ireland, Jan-Phillip Kock, investment strategy manager at Encavis, said recently. Power purchase agreements (PPAs) and virtual PPAs were seen as the most effective, albeit imperfect, means to meet the growing electricity demand from data centres in the region. This was a conclusion from a panel at Solar Media’s Renewables Procurement & Revenue Summit earlier this month.
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
Read Next
TotalEnergies has commissioned its largest solar portfolio in Europe, a collection of five assets in Spain with a combined capacity of 263MW.
PPAs and VPPAs are an imperfect but effective tool, according to speakers at the 2025 Renewables Procurement & Revenue Summit.
Enfinity Global has secured €100 million from Eiffel Investment Group to advance its solar PV and battery energy storage system (BESS) portfolio in Europe.
The three projects, Mammoth South, Mammoth Central I, and Mammoth Central II, have a generation capacity of 300 MW each.
The Spanish Minister for MITECO, Sara Aagesen, ruled out a cyberattack on the blackout that affected Spain and Portugal on 28 April 2025.
Spanish renewables developer Zelestra has secured €146.6 million ($164 million) in funding to develop a solar PV portfolio totalling 237 MW in Castilla-La Mancha, Spain.
Subscribe to Newsletter
Most Read
Upcoming Events
PV Tech is part of the Informa Markets Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Copyright © 2025. All rights reserved. Informa Markets, a trading division of Informa PLC.
https://www.pv-tech.org/solaria-inks-94-million-financing-to-build-175mw-solar-pv-spain/
