Spanish Farmers Co-Invest in Statkraft Solar Projects

Jun 19, 2024 11:50 AM ET
  • Statkraft A/S to build two solar plants in Spain, offering farmers investment opportunities. Eco-friendly project with environmental approval, construction starting in 2025.
Spanish Farmers Co-Invest in Statkraft Solar Projects

Norwegian power producer Statkraft A/S is planning to build two 77-MW solar plants in eastern Spain, offering local farmers the opportunity to invest in the projects. The combined investment for the twin projects, named Los Predios and Los Hierros, is over EUR 120 million. The company has signed an agreement with the Valencian farmers association AVA-ASAJA to allow farmers to invest up to 5% in the projects.

Despite opposition from the Turis Town Hall due to environmental concerns, Statkraft plans to use 434 hectares of land for the solar projects, with only 18% of the area covered with solar panels. The company will also promote eco farming and allocate land for biodiversity conservation measures. Environmental approval has been received, and construction is expected to begin in the second half of 2025.

How is Statkraft involving local farmers in its solar projects in Spain?

  • Statkraft is offering local farmers in eastern Spain the opportunity to invest in its two 77-MW solar plants, named Los Predios and Los Hierros.
  • The combined investment for the projects is over EUR 120 million.
  • The company has signed an agreement with the Valencian farmers association AVA-ASAJA to allow farmers to invest up to 5% in the projects.
  • Despite opposition from the Turis Town Hall, Statkraft plans to use 434 hectares of land for the solar projects, with only 18% of the area covered with solar panels.
  • The company will promote eco farming and allocate land for biodiversity conservation measures.
  • Environmental approval has been received, and construction is expected to begin in the second half of 2025.

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