Plenitude, Avintia Energia Partner on 850 MW Solar in Spain

• Italian company Plenitude and Spanish contractor Avintia Energia team up for 850 MW solar projects in Spain, with potential to reach 1 GW. Exciting developments in renewable energy ahead!

Italian company Plenitude has partnered with Spanish renewables contractor Avintia Energia to develop seven solar photovoltaic projects in central and southern Spain, totaling 850 MW with a possibility to reach 1 GW. The companies have conducted studies on the sites and plan to develop the projects from scratch, with some projects including battery energy storage systems.

Avintia Energia currently has three portfolios, with one about to reach ready-to-build status, another with solar projects including BESS potential, and a third with 2.7 GW for which there are only land agreements in place. The projects in the Plenitude deal were taken from this third portfolio, with the partnership structure remaining unclear. Plenitude aims to grow its renewable energy portfolio to over 7 GW by 2026 and over 15 GW by 2030.

What are the details of Plenitude and Avintia Energia's solar projects in Spain?

• Plenitude and Avintia Energia are collaborating on seven solar photovoltaic projects in central and southern Spain, totaling 850 MW with a potential to reach 1 GW.
• The projects will be developed from scratch, with some including battery energy storage systems to enhance efficiency and grid stability.
• Avintia Energia currently has three portfolios, with one nearing ready-to-build status, another featuring solar projects with BESS potential, and a third with 2.7 GW where only land agreements are in place.
• The projects in the partnership with Plenitude were selected from Avintia Energia's third portfolio, although the exact structure of the partnership remains unclear.
• Plenitude has ambitious goals to expand its renewable energy portfolio to over 7 GW by 2026 and over 15 GW by 2030, indicating a strong commitment to sustainable energy development in Spain.