Image: Solaria

Spanish renewables developer Solaria has reached an agreement in principle with Banco Sabadell to finance its 175MW Oliva Solar photovoltaic (PV) plant, located in the central Spanish province of Guadalajara.

The large-scale solar project will be integrated with the development of a 70MW data center, operating under a self-consumption model, representing a significant step forward in aligning renewable generation with high-demand digital infrastructure.

Under the terms of the preliminary agreement, Banco Sabadell is expected to provide syndicated project finance of up to €93.5 million (approximately US$106 million). The agreement remains subject to the successful completion of due diligence and the final approval of the bank’s risk committee.

This initiative reflects the increasing convergence between utility-scale solar PV and digital infrastructure development, particularly data centers, which are becoming major energy consumers across global markets.