Spain's Everwood Capital activates 50-MW solar park

Oct 8, 2021 03:14 PM ET
  • Spanish fund administration company Everwood Capital has actually activated the 50-MW Cartuja solar plant in Cadiz province, the southernmost part of mainland Spain.
Spain's Everwood Capital activates 50-MW solar park
Image: Everwood Capital

The step was made by Everwood's fund IV as well as reported today by neighborhood newspaper El Confidencial.

Established by Madrid-based independent power producer (IPP) Abei Energy & Infrastructure, the photovoltaic or pv (PV) park has a power purchase agreement (PPA) in position for a part of its result with energy investor Axpo Iberia SL. Cartuja is likewise marketing a portion to the neighborhood market, which this Thursday videotaped an all-time high price of EUR 288 (USD 333) per MWh, according to the report.

The funding for the solar farm was closed on December 31, 2020, with Spanish lender Liberbank SA (BME: LBK) providing a EUR-25-million project financing lending.

At present, Everwood is negotiating the sale of the assurances of renewable beginning (GdO) generated by Cartuja as a way to produce extra earnings.