China Three Gorges buys 104.5 MWp of solar projects in Spain

• Spanish building and engineering group Aldesa stated on Monday it had sold a 104.5-MWp portfolio of ready-to-build solar PV projects in Spain to China Three Gorges Spain (CTG Spain).

The Chinese clean power business got the projects 50-MWp Belvis I, 50-MWp Belvis II and also the 4.5-MWp Belvis III, all situated in the Spanish region of Extremadura. The price was not divulged.

Building and construction is anticipated to begin before completion of 2022. All three solar farms are slated to reach commercial procedure in the second half of 2023, Aldesa claimed.

The team's unit Acisa will certainly provide EPC services and accomplish operation as well as upkeep of the Belvis plants for two years.

With this offer, China Three Gorges expands its renewables impact in Spain, expanding by now a substantial wind as well as solar portfolio through acquisitions. Simply this year, the company purchased 181 MW of functional wind farms in Spain from EDP Renovaveis SA (ELI: EDPR) and 619 MW of solar PV assets from UK renewables capitalist Nexwell Power.

In Aldesa's press release on Monday, China Three Gorges (Europe) Chief Executive Officer Ignacio Herrero was quoted as stating that his firm would certainly "continue contributing to the decarbonization and also power transition process in Spain with the procurement of renewable generation projects in the advancement or greenfield phase".