Spanish Independent Power Producer of Solar PV, Grupo T-Solar, Brings First Project to the USA

The plant, located in the City of El Centro (Imperial Valley, California), occupies 140 acres of land and will produce 55 GWh per year, equal to an energy consumption of more than 12,000 inhabitants.

WHAT: Grupo T-Solar, a leading company in photovoltaic solar energy, will celebrate its first solar project of 25 MWp in the United States with a celebratory ribbon cutting onsite.


The plant, located in the City of El Centro (Imperial Valley, California), occupies 140 acres of land and will produce 55 GWh per year, equal to an energy consumption of more than 12,000 inhabitants.

The project has required an investment of more than 75 million dollars (more than 55 million euros) and has been financed and supported by the international financial institutions, North American Development Bank, as senior lender, Santander Bank NA, a subsidiary of Banco Santander, as Tax Equity Investor, Astris Finance, a financial advisory firm specializing in energy and infrastructure structured finance in the Americas, acted as financial advisor, and CCA Group, a FINRA-registered broker-dealer specializing in renewable energy, acted as advisor for the tax equity component.

WHEN:

Wednesday, December 11, 2013
12:00 pm – 1:00 pm

WHERE:

485 E. Villa Avenue, El Centro, CA 92243

WHO:

*Marta Martínez Queimadelos, Chief Executive Officer of Grupo T-Solar

*Alberto Ramos, Financial Director of Banco Santander USA

*Alex Hinojosa, General Manager of North American Development Bank

*Carl Stills, Energy Director of IID

*Honorary Cheryl Viegas-Walker, Mayor of El Centro, CA

MEDIA CONTACT: Lucila Garcia, (323) 646-2150 garciaoneil@gmail.com

ABOUT GRUPO T-SOLAR:

Grupo T‐Solar is one of the largest independent producers of electricity from solar PV plants. A subsidiary of Isolux Infrastructure, T‐Solar has 284.5 MWp in operation and under development spread across Spain, Italy, India, Peru, United States and Puerto Rico. In 2012, T‐Solar generated revenues of EUR 114 million, with total cumulative investment reaching EUR 1.5 billion. For more information: www.tsolar.com

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