Endesa obtains 519MW Spanish solar portfolio from Arena Power
- Endesa has purchased a portfolio of 11 solar projects that it states will aid decarbonise an enterprise zone in southern Spain when functional in 2024.
The deal, accomplished via Endesa's Enel Green Power España (EGPE) subsidiary, will certainly see the energy acquire 519MW of PV projects in Spain's Andalucían area from regional developer Arena Power. Endesa will certainly invest around EUR350 million (US$ 416 million) to get and also develop the parks, with building and construction anticipated to start next year.
The 11 projects will be connected to a substation in the Huelva Industrial Park, which Endesa said is among the biggest energy-consuming industrial centres in Spain. This substation will certainly fulfill the energy requirements of the chemical, oil and metallurgical centre, which is residence to 19 industrial facilities.
Power will also become made use of for a green hydrogen manufacturing center planned by Endesa-- one of 23 such projects the business is aiming to establish in Spain.
Rafael González, general supervisor of generation at Endesa, claimed the portfolio purchase demonstrates the business's commitment to decarbonising Spain's economic situation. "Creating these eco-friendly ranches near areas of great power intake is the most effective method of making commercial activity sustainable in Huelva," he claimed.
Endesa's 2021-2023 strategic plan includes the growth with EGPE of 3.9 GW of renewables in Spain, 3GW of which will be solar PV, standing for an investment of EUR3.3 billion. The company lately started building and construction work with four solar projects in the country that will have a combined capability of 180MW.
