Recurrent, PVH Partner on 426MW Spanish Solar Deal

• Recurrent Energy teams with PV Hardware for a 426MW solar leap in Seville, powering a greener future with cutting-edge trackers and a major partnership with GKN Automotive.

Recurrent Energy has contracted PV Hardware (PVH) to provide solar trackers for its 426MW Rey solar project in Carmona, Seville, set to become operational by December 2025. PVH's AxoneDuo Infinity solar trackers will support a facility featuring over 610,000 solar panels, reinforcing PVH's status as a leading supplier in the region.

This partnership aligns with Recurrent Energy's commitment to sustainable energy, a step towards global decarbonization. In June 2024, Recurrent also entered a 10-year power purchase agreement with GKN Automotive for 115MW of output from the Rey project, further solidifying its role in advancing cleaner energy solutions.

How does the Rey solar project contribute to sustainable energy and decarbonization efforts?

• Significant Renewable Energy Capacity: The Rey solar project, with an output capacity of 426 MW, will significantly contribute to the local energy grid, providing a large-scale source of renewable energy that can displace fossil fuel energy generation.
• Reduction of Carbon Footprint: By generating electricity from solar power, the project is expected to significantly reduce greenhouse gas emissions, helping to achieve regional and national climate targets aimed at decarbonization.
• Job Creation and Economic Development: The construction and operation of the Rey solar project is expected to create numerous jobs in the local economy, from construction and maintenance roles to long-term employment opportunities, fostering economic growth alongside environmental sustainability.
• Power Purchase Agreement (PPA) Contributions: The 10-year power purchase agreement with GKN Automotive ensures a fixed and predictable income for the project, further encouraging investments in renewable energy infrastructure while reinforcing commitments to sustainability in the automotive sector.
• Advanced Technology Utilization: Utilizing PVH's AxoneDuo Infinity solar trackers allows for increased energy capture by optimizing the angle of solar panels throughout the day, improving the overall efficiency of the solar plant and maximizing the amount of clean energy produced.
• Support for Energy Transition: The Rey solar project plays a crucial role in the transition towards a more sustainable energy landscape, assisting utilities and businesses in moving away from reliance on fossil fuels and towards cleaner, renewable sources of energy.
• Community Engagement and Support: Engaging local communities in project planning and development encourages support for renewable initiatives and demonstrates the positive impacts of solar energy, promoting awareness and acceptance.
• Long-Term Climate Goals: By contributing to the decarbonization efforts, the Rey solar project aligns with international climate agreements and goals, such as the Paris Agreement, striving for a sustainable future through renewable energy deployment.
• Potential for Replication: The success of the Rey solar project may serve as a model for other regions looking to implement large-scale solar solutions, paving the way for future renewable energy projects both domestically and internationally.
• Grid Stability and Reliability: The integration of large-scale solar power projects like Rey enhances grid stability and supports a more resilient energy system, reducing the risks associated with dependence on traditional energy sources.

The Rey solar project exemplifies a holistic approach to sustainable energy and decarbonization, underscoring the importance of collaborative efforts between the public and private sectors to create a cleaner and more sustainable energy future.