Kommunalkredit has structured and arranged €34 million in senior construction bridge financing for Resolar, supporting the development of two 50 MWp solar PV parks in Brazatortas, Southern Spain.

The projects are expected to reach commercial operation by September 2026 and are backed by a 10-year PPA covering 100% of their output, providing strong revenue visibility during the early operating years. The financing specifically bridges the capital requirement from construction through to project completion.

The structure highlights a clear execution strategy: short-tenor capital deployed to carry the assets through construction before transitioning to long-term financing once operational milestones are met. In capital-intensive solar development, this approach reduces balance sheet pressure on developers while preserving project momentum.

For lenders, bridge facilities tied to fully contracted assets offer a controlled risk profile. With a full offtake agreement already secured, revenue certainty helps mitigate merchant exposure during the early years of operation.

The deal also deepens the relationship between the parties. It marks the 11th transaction completed by Kommunalkredit with Resolar or its lead sponsor Solaer Renewable Energies (SRE), signalling continued lender confidence in the sponsor’s execution capability and pipeline delivery.

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