Matrix Renewables to buy 150 MW of Spanish PV in 1-GW partnership

• Madrid-based platform Matrix Renewables, produced by property supervisor TPG, on Monday claimed it has actually become part of a collaboration with Spanish renewables developer Rolwind to create a 1-GW pipeline.

Matrix Renewables claimed it will initially invest in a 150-MW photovoltaic (PV) portfolio consisting of 3 projects situated in Huelva province. There is room for these projects to co-locate energy storage.

No more information was given about the rest of the pipe or the nature of the collaboration with Rolwind.

Ground-breaking on the 3 projects in Huelva is set for late summer season of 2021, while power generation is expected to start in June 2022. The plants will operate under a power acquisition agreement (PPA) with an unnamed off-taker.

As soon as the investment is shut, Matrix Renewables will enhance the size of its Spanish portfolio to 275 MW of ready-to-build as well as late-stage development projects. The company said it has strategies to proceed intensifying its portfolio throughout the Iberian Peninsula.