Eranovum, Partners Launch 83-MW Solar Park in Spain

• Eranovum and partners ignite Spain's solar energy future with the launch of the 83-MW Sabinar park, boosting total capacity to 407 MW. Solar power shines bright!

Eranovum, alongside Israeli partners Noy Fund and Nofar Energy, has launched commercial operations at its 83-MW Sabinar solar park in Cuenca, Spain. This addition increases the partners' total capacity of grid-connected plants in Spain to 407 MW, as announced by Nofar on LinkedIn.

The Sabinar 2 photovoltaic project is part of a larger initiative comprising three phases, with the first phase, which has a capacity of 155 MW, having been operational since 2022. The third phase, a 40-MW plant, is currently under construction. The partnership secured EUR 132 million in financing for the project last October and has established a power purchase agreement with Telecor SA.

What are the key details of Eranovum's Sabinar solar park expansion in Spain?

Here are the key details regarding Eranovum's expansion of the Sabinar solar park in Spain:

- Location: The Sabinar solar park is located in the Cuenca region of Spain, which is known for having a favorable climate for solar energy generation.

- Expansion Capacity: The latest expansion has added 83 MW of capacity, bringing the total grid-connected capacity of the partners' projects in Spain to 407 MW.

- Project Phases: The Sabinar solar park expansion is structured in three distinct phases:
- Phase 1: The initial phase has been operational since 2022 with a total capacity of 155 MW.
- Phase 2: The recently launched 83-MW component.
- Phase 3: A 40-MW solar facility that is currently under construction, further enhancing the project's overall capacity.

- Financial Backing: The partners received EUR 132 million in financing last October. This investment is crucial for the development and expansion of renewable energy projects within the region.

- Collaboration: The project is a collaboration between Eranovum, Noy Fund, and Nofar Energy, highlighting a strategic partnership aimed at expanding renewable energy capacity in Spain.

- Power Purchase Agreement: The partnership has secured a power purchase agreement (PPA) with Telecor SA, which ensures a stable revenue stream for the electricity generated by the solar park.

- Environmental Impact: The expansion of renewable energy projects like Sabinar is part of Spain's broader commitment to increase its renewable energy output, reduce carbon emissions, and transition to more sustainable energy sources.

- Local Economic Benefits: The project is expected to create jobs during its construction phase and support local economies through operational and maintenance roles once fully operational.

- Technology: The solar park employs advanced photovoltaic technology to maximize energy generation efficiency, contributing to lower costs in renewable energy production.

- Long-term Goals: The ongoing developments at the Sabinar solar park are in line with Spain's targets for renewable energy, aiming for a significant increase in renewable sources within its energy mix by the end of the decade.