Madrid-based renewable energy solutions provider, Ignis, has secured an impressive €335 million in funding to drive its solar project developments in Spain. This funding round was led by Deutsche Bank and featured participation from Rabobank, ABN Amro, and Triodos Bank, underlining the growing interest in renewable energy ventures.
Fueling Solar Project Expansion
Ignis’s infusion of funds will enable it to finance projects with a total capacity of up to 500 megawatts (MW). This substantial investment significantly alleviates the financial burden associated with executing its comprehensive strategy, which spans the design, construction, promotion, and operation of these solar assets.
Environmental Permits Secured
Crucially, Ignis has already obtained the necessary environmental permits for the upcoming renewable projects, slated for initiation between 2023 and 2024. These solar plants are poised not only to make a substantial dent in carbon emissions but also to stimulate socio-economic growth within the regions they serve.
Boosting Local Economies
The growth will manifest in the form of fresh employment opportunities across multiple municipalities. Ignis places a strong emphasis on hiring highly skilled personnel for both the construction and ongoing maintenance phases of these state-of-the-art facilities.
Portfolio Expansion
Ignis will maintain full ownership and operational responsibilities for these solar plants, further bolstering its portfolio. Presently, the company manages approximately five gigawatts (GW) of operating assets, which encompass both self-owned and third-party projects.
Commitment to a Sustainable Future
This development aligns with Ignis’s recent commitments to various power purchase agreements associated with the commissioning of new solar power plants throughout Spain. These initiatives solidify the company’s unwavering dedication to a sustainable and greener future.
As the world strives for cleaner energy sources and sustainable practices, Ignis’s expansion in the renewable energy sector marks a significant step toward achieving these vital environmental goals.
