Finnish fund acquires 50MW solar in Spain

• Taaleri SolarWind 2 has take ownership of the Niebla project located 70km west of Seville

The Finnish-owned Taaleri SolarWind 2 fund has obtained 100% possession of the 50MW Niebla solar farm in Spain.

The ready-to-build project is located in the district of San Juan del Puerto in Andalusia, around 70km west of Seville.

Annual production of electrical energy will certainly be around 107 gigawatt-hours.

Construction will certainly begin in December and also the plant is expected to be completely operational in the 3rd quarter of 2022.

Niebla was developed by Valfortec, a Spanish developer, in co-operation with Taaleri Energia.

The project has a lasting financial power acquisition agreement with Centrica Energy Trading to take care of the majority of the electrical energy produced.

Project funding will be offered by Banco Sabadell with the loan certifying as 'eco-friendly' under the Loan Market Association's Green Loan Principles.

Taaleri Energia financial investment supervisor Petri Isotalus said: "We are very delighted with this investment. Spain has substantial solar sources as well as enthusiastic strategies to raise the percentage of solar generated power on the Spanish grid.

" Operating out of our workplace in Madrid, we have actually been continuously constructing our market understanding as well as programmer network over the past 3 years and we anticipate to continue to be an active financier in Spanish solar projects."