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.
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.
