Ethical Power inks EPC contract for 55-MWp solar project in Spain
- UK solar and also storage professional Ethical Power claimed that it has safeguarded a contract to provide EPC services for the 55-MWp Fundici solar farm project in the south of Spain.
The company is part of UK renewables designer Hive Energy, which worked on the project before marketing it shovel-ready to Germany's Encavis AG (ETR: ECV) in November 2022.
Purely speaking, the EPC contract was granted to Ethical Power's Spanish unit, which was developed previously this year.
Ethical Power Spain SL will certainly start initial operate at the site in Seville province in the initial quarter of 2023. Construction is slated for mid-2023.
The Fundici solar farm will be geared up with the new N-type modules. Ethical Power said it chose to use them as a result of their high effectiveness and also low degradation rates.
"We delight in to have actually finalised the EPC agreement with Encavis AG and keen to break ground on our first project in Spain for them. The Spanish renewables market is one of the fastest expanding in Europe, especially for solar energy as well as Ethical Power is set to make its mark in the area," commented Ethical Power chief executive officer Tom Kneen.
Fundici is the first EPC benefit Ethical Power Spain. The office has already safeguarded a pipe of 200 MW of solar and also battery projects for development as well as construction in 2023, Ethical Power included.
