Grenergy starts building and construction of 200MW project in Spain

• Spanish solar company Grenergy Renovables has actually begun construction service the 200MW Escuderos PV project in Spain's Castilla-La Mancha region.

Consisting of 4 parks of 50MW, the project will feature more than 342,000 modules mounted on trackers, with an annual production of 385GWh.

Grenergy previously authorized a 12-year power acquisition arrangement with utility Galp for the project as well as protected financing with KfW as well as Bankinter in December.

"The Escuderos park in Cuenca shows our great commitment to Europe, to Spain and also, specifically, to the potential that Castilla-La Mancha uses for the generation of renewable energy, provided its exceptional resources for radiation," stated Grenergy CEO David Ruiz de Andrés.

Grenergy now has a renewables pipeline of more than 6GW in markets such as Italy, Spain, the UK and also Chile, where the company recently secured financing for 14 solar projects.