Verbund gets 148MWp solar plant in Spain from BayWa r.e.

• Austrian utility Verbund is getting a 147.6 MWp PV project in southern Spain from renewables developer BayWa r.e. as part of the business's planned solar development.

Situated near Granada in the Andalucía region, the Illora solar park is due to be appointed in Q1 2022 after construction work began in May of this year.

The project makes up three PV system sections and will generate around 260GWh of eco-friendly electricity each year.

Standing for Verbund's entrance into the Spanish market, the acquisition forms part of the utility's goal of reaching around 20-25% of total manufacturing from solar PV as well as onshore wind by 2030.

Mainly concentrated on hydropower, Verbund previously this year created a joint venture with programmer Visiolar that will see the pair look to create approximately 2GW of PV plants in Germany.

Benedikt Ortmann, global supervisor of solar projects at BayWa r.e., stated his business will be able to implement the Illora project on schedule despite limitations triggered by COVID-19 and distribution bottlenecks. "Spain stays among our core markets and also we have actually been able to post solid growth right here in recent times," he said.

Having actually existed in Spain given that 2010, BayWa r.e. opened a brand-new Madrid office in 2019 and also in 2014 offered possessions in the country such as the 50MWp Don Rodrigo 2 plant as well as the 41.7 MWp Tordesillas park.

BayWa r.e. said previously this year that its project sales would certainly ramp up in Q4, with the business expecting to market 1.1 GW of solar and wind plants during 2021.

With a pipe of 1.4 GW of solar and wind installments in Spain, the company safeguarded an additional 14MW of PV capability in Spain's renewables public auction last month.