FRV starts power manufacturing at 138-MW solar park in Spain
- Madrid-based programmer Fotowatio Renewable Ventures (FRV) stated on Thursday that its 138-MW San Servan 220 solar PV farm in the Spanish region of Extremadura began generating power.
The complicated is composed of 3 parks-- SS6, SS7 and SS8,-- and also covers an area of 256 hectares (632.6 acres) in the community of Solana de los Barros, Badajoz district.
Since it is online, San Servan should have the ability to generate around 289.55 GWh each year, sufficient to satisfy the demand of up to 88,500 families, the company claimed.
French financial investment bank Natixis provided project money for San Servan 220, while its compatriot Engie (EPA: ENGI) signed a power acquisition arrangement (PPA) with FRV to acquire the plant's result.
FRV, which becomes part of Saudi Arabia's Abdul Latif Jameel Energy, is intending to invest greater than USD 1.5 billion (EUR 1.3 bn) in order to get to 4 GW of installed capacity in 2024. In Spain, the firm lately obtained project finance to build the San Servan 3, 4 as well as 5 solar farms for an overall of 150 MW in Solana de los Barros.