Q Cells discharges 50-MW project in Spain to NextEnergy's solar fund
- Solar products maker Q Cells has actually created as well as offered its 50-MW Agenor PV project in Spain to NextEnergy Capital's third solar fund, the celebrations introduced separately on Thursday.
![Q Cells discharges 50-MW project in Spain to NextEnergy's solar fund Q Cells discharges 50-MW project in Spain to NextEnergy's solar fund](/images/sections/10/20210910/s0_6404.webp)
For the fund, NextPower III ESG (NPIII ESG), the purchase stands for the very first acquisition of a solar PV possession in Spain, it stated.
Financial information were not shared.
The Agenor site lies near the city of Jerez de la Frontera, southern Spain, in a place called Las Majadillas. Q Cells developed it via its Green Energy Solutions (GES) department, and also will certainly act as the EPC and O&M specialist for the project going forward.
Building and construction operates at Agenor have actually currently begun. Q Cells' team will install an overall of 116,592 solar modules placed on single-axis trackers, the company said.
The plan is to finalise the project by the second quarter of 2022.
When online, the Agenor solar farm will certainly run under a power purchase arrangement (PPA) with a "international investment-grade company off-taker", NextEnergy Capital added.