Endesa X completes 3.3 MWp of solar arrays in Portugal

• Endesa X, the power services unit of Spanish utility Endesa SA (BME: ELE), has actually developed 3.3 MWp of self-consumption solar photovoltaic (PV) plants in Portugal for furniture as well as mattresses maker Aquinos Group.

Featuring a total of 7,296 photovoltaic panels, the 6 solar arrays must have the ability to cover 37% of the group's power needs in Tabua, Carregal do Sal and Nelas, in central Portugal.

With a consolidated production approximated at 4.4 GWh each year, the planetary systems can give the group with direct financial savings of 54% on its electrical power expense.

The portfolio operates on a lease base with a financial investment vehicle assuming the maintenance of the PV parks during the 15-year contract term. Following this duration, ownership will pass to the consumer.

Endesa X kept in mind that it performed the project in an industrial alliance with Rio Energia as well as EnergyCon, a firm specialising in power services as well as decarbonisation.