Estabanell, a leading company in the energy and telecommunications sectors headquartered in Granollers, has signed a €22 million financing agreement with Triodos Bank and the Institut Català de Finances (ICF) to support the rollout of 62.8 MWp of new photovoltaic capacity, primarily in Catalonia.
The transaction is structured as a project finance facility, highlighting the technical, economic, and environmental quality of the projects promoted by Estabanell. It consists of a syndicated loan totaling €22 million in debt, with Triodos Bank contributing €15 million and ICF €7 million, with Triodos acting as the facility agent. The financing is also channeled through the ICF Ecoverda loan, a public development banking line in Catalonia aimed at projects in renewable energy, circular economy, energy efficiency, self-consumption, and sustainable mobility.
This agreement represents a significant boost to the group’s growth strategy, enabling progress in the construction of photovoltaic parks under Estabanell’s distributed generation model.
The financed assets correspond to photovoltaic generation facilities and are aligned with the group’s objective of deploying new renewable capacity with direct territorial impact. On the one hand, this new capacity will allow Estabanell to strengthen one of its strategic pillars—renewable energy generation—by promoting a cleaner and more sustainable energy system and advancing the decarbonization of the economy. On the other hand, it will help improve energy pricing for its customer base.
These new renewable generation facilities—most of which will be developed through the group’s engineering subsidiary specializing in photovoltaic generation, Estabanell Innover—are expected to be operational before June 30, 2027.
Currently, Estabanell is the Catalonia-based company with the largest number of renewable projects under development in the region. In this regard, the company is finalizing the construction and grid connection of three solar parks in Vidreres, La Garriga, and Figuerola del Camp, which form part of the same strategic growth axis in renewable generation.
Driving the energy transition
Estabanell’s CEO, Teresa Roig, highlighted that “this financing agreement marks a turning point in our capacity to generate our own renewable energy and allows us to move forward towards a more sustainable energy model, rooted in the territory and focused on ensuring clean and competitive supply for our customers.”
According to Roig, “the trust placed in us by Triodos Bank and ICF reinforces the strength of our model and the rigor with which we approach each project.”
Miguel Ángel Amores, Head of Renewable Energy and Environmental Technologies at Triodos Bank, stated: “This financing reflects how banking can continue to support the energy transition and reduce dependence on fossil fuels through robust structures that combine diversification, stable revenues via long-term PPAs, and full backing from a company with a strong track record in energy such as Estabanell. It is also a great example of supporting the real and local economy, where our customers’ savings—many of them from Catalonia—are transformed into renewable generation plants in the region, with strong environmental integration, promoted by a local energy company and with additional financial support from the Institut Català de Finances.”
Vanessa Servera Planas, CEO of ICF, added: “Sustainability is one of the strategic pillars of public development banking, and ambitious projects such as Estabanell’s contribute to advancing the energy transition of companies and society as a whole, fostering a more sustainable future.”
Among the solar parks expected to come into operation throughout 2027 are those located in Fonollosa, El Catllar, Manlleu, and Moià, as well as other facilities outside Catalonia that form part of the group’s broader renewable development plan.
With this agreement, Estabanell reinforces its role as a key player in the energy transition in Catalonia, aligning business growth, sustainability, and positive local impact.
About Triodos Bank
Founded in 1980, Triodos Bank is a pioneer in impact finance. As an independent, mission-driven bank, it uses money responsibly to generate positive change, demonstrating that caring for people and the planet can go hand in hand with solid financial returns.
Triodos Bank is the only B Corp-certified bank listed on Euronext Amsterdam. It operates in the Netherlands, Belgium, the United Kingdom, Spain, and Germany, while its investment management activities are headquartered in the Netherlands and operate globally.
Triodos Bank co-founded the Global Alliance for Banking on Values, a network of 70 sustainable banks worldwide working to develop a financial system that supports the real economy and delivers lasting social and environmental impact.
Triodos Bank holds a full banking license and is supervised by De Nederlandsche Bank N.V. (the Dutch central bank) and the Autoriteit Financiële Markten (the Dutch Authority for the Financial Markets). The latest company information is available at www.triodos.com
About ICF
ICF is Catalonia’s public development bank, with over 40 years of experience, during which it has financed more than 37,000 clients for a total exceeding €16 billion.
Its core mission is to promote financing for companies and institutions to support growth, innovation, and sustainability in the Catalan economy. ICF complements the private sector by offering a broad range of financing solutions focused on loans, guarantees, and venture capital investments.
About Estabanell
Estabanell is an energy and telecommunications group headquartered in Granollers (Barcelona), operating across the entire energy value chain: renewable generation, distribution, and commercialization, as well as telecommunications services and other energy solutions for both households and businesses.
The group stands out for its strong commitment to innovation, sustainability, and digitalization, with the aim of contributing to a more efficient and responsible energy future from a local perspective.
Its approach is defined by a proximity-based model, focused on personalized service and a clear commitment to the territory. It supplies 100% renewable energy and promotes initiatives that strengthen its connection with individuals, businesses, and local communities, consolidating its position as a benchmark in the sector.
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