Elawan Energy, a global player in the renewable-energy sector, has closed a €25 million financing package for its 30 MW San Pedro wind farm in Querétaro, Mexico. The long-term credit facility is covered by a Cesce Green Investment Policy on behalf of the State, in line with the company’s sustainability criteria and energy-transition objectives.
Operational since September 2023, the San Pedro wind farm is the only wind-power project in the state of Querétaro. In 2024 the facility generated over 105 gigawatt-hours (GWh), making a significant contribution to the region’s sustainable energy supply.
The financing was arranged by Banco Bilbao Vizcaya Argentaria (BBVA), acting as lead arranger and structuring agent, with Clifford Chance advising the bank and Linklaters advising Elawan Energy on the transaction.
“With this deal we reinforce our growth through innovative, market-tailored financing solutions, enabling us to launch new projects even in challenging environments,” said Carlota Reina, M&A and Structured Finance Americas Director.
Elawan Energy now boasts 2.1 GW of installed capacity across nine countries, 830 MW under construction and a development pipeline exceeding 11 GW. Its portfolio comprises 49 percent solar photovoltaic, 42 percent wind and 9 percent hydroelectric generation.
Spain accounts for 56 percent of its operating capacity, followed by the United States (14 percent), Turkey (10 percent) and Brazil (7 percent), ranking Elawan Energy among the leading independent renewable-energy producers in the Spanish market.
