Solar Energy Structure to market 90-MW Spanish PV project trio
- Spanish solar developer and also installer Solar Energy Structure has actually signed a definitive agreement for the divestment of as much as 90 MW of solar (PV) projects to an unrevealed provided European independent power producer.
The binding contract concerns the sale of three solar projects for some EUR 15 million (USD 16m), the vendor said recently.
The portfolio being offloaded consists of schemes that are currently in mid-stage advancement and are expected to become shovel-ready in 2025. Their possession will transform when the ready-for-construction stage is accomplished, while commercial operations will be targeted during 2026.
Under the arrangement, Solar Energy Structure will certainly look after all permitting and grid-connection requirements for the projects. Complying with the sale, the firm intends to re-invest the increased funds right into new projects in the Iberian market.
"We look forward to advancing our pipeline in Spain to energization as well as adding to the enthusiastic Spanish eco-friendly transition," claimed principal running officer Kjetil Torper.
At present, Solar Energy Structure is working to develop some 4 GW of projects as well as aims to join the upcoming renewable energy auction in Spain.
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