Forestalia

Forestalia secures EUR 65 million from IKAV Group to construct 19 wind and solar projects in Aragon, Spain. Banco de Sabadell structures pre-construction debt for major equipment and construction expenses. Forestalia targets 1.2GW of direct operations in the next few years.

Bruc Energy has agreed to get a 2GW portfolio of solar photovoltaic or pv projects in Spain from renewables programmer Forestalia.

Spanish clean energy players have come forward in recent days with projects set to bring a major solar boost to Europe’s current market-of-the-moment.

The Spanish company plans to develop 66 solar and wind parks that will add 3 GW of renewable energy generation capacity in 50 municipalities near Teruel, Navarre over the next four years. Some 34 facilities will be solar plants that will add 1.3 GW as part of an investment of more than €2.4 billion.