Madrid, November 20th, 2026 — ABEI Energy has signed a financing agreement with BBVA to support the development, construction, and operation of a diversified portfolio of renewable energy projects across Spain, marking a further step in the company’s growth and consolidation strategy.
The financed portfolio includes wind, solar photovoltaic (PV), and battery energy storage system (BESS) projects located in Burgos, Zamora, Almería, and Cádiz, with a total installed capacity of 246.72 MWp. These assets are expected to reach commercial operation by early 2027, contributing to Spain’s decarbonization targets and energy transition.
In parallel, ABEI Energy has secured five long-term Power Purchase Agreements (PPAs) associated with this portfolio, reinforcing revenue stability and supporting the bankability of the projects. These agreements play a key role in ensuring predictable cash flows and enabling competitive financing conditions.
A distinctive feature of this portfolio is its multi-technology and hybridization approach. Several projects incorporate opportunities for integration with wind generation and battery storage systems, enhancing grid flexibility and optimizing energy output. The first co-located BESS system within the portfolio is expected to become operational in 2027, marking an important milestone in ABEI Energy’s storage strategy.
Iván Barahona León, Chief Operating Officer of ABEI Energy, stated:
“This financing represents a major step forward in our long-term strategy to deliver utility-scale renewable energy across Spain. We are proud to collaborate with BBVA, whose support is essential for the successful construction and operation of these projects.”
BBVA, a leading global financial institution with a strong track record in renewable energy financing, emphasized the strategic importance of integrating storage technologies. Rubén Castrillo, Executive Director – Structured & Project Finance at BBVA, commented:
“The deployment of battery storage systems in Spain will play a fundamental role in enabling further investments in solar and wind capacity and in achieving decarbonization targets. We are pleased to support ABEI Energy in this landmark project, which aligns with our commitment to accelerating the energy transition.”
The transaction reflects the growing relevance of hybrid renewable solutions in Europe, combining generation and storage to enhance resilience, efficiency, and grid integration.
ABEI Energy acknowledged the contribution of all parties involved, including BBVA, Gómez-Acebo & Pombo, and DNV, whose collaboration has been key to the successful execution of this agreement.
With this new financing, ABEI Energy continues to expand its multi-technology renewable platform, reinforcing its role as a key player in the energy transition and delivering sustainable, long-term value across its core markets.
