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Sonnedix, Statkraft ink PPA for 50-MW solar farm in Spain
utility-scale solar PV projects in operation, unfinished or in development in
Jul 4, 2022 // Plants, Large-Scale, Commercial, Spain, PPA, Sonnedix, Europe, Statkraft, solar farm
Spain's Ence Energia alters name to Magnon Green Energy
eight biomass-fired plants with the mixed set up capacity of 266 MW across Spain.
The company said that it will remain to focus on creating photovoltaic (PV)
Mar 17, 2022 // Markets & Finance News, Spain, Europe, Ence Energia, Magnon Green Energy
German KfW finances 200 MW photovoltaic project in Spain
S.A. The project will certainly develop one of the largest solar parks in Spain with a set up capacity of 200 MW. Along with the construction, the company
Jan 7, 2021 // Markets & Finance News, Spain, Germany, Europe, KFW, Solar Park
Major subsidy-free solar project secures financially-hedged PPA in Spain
Spain’s subsidy-free solar scene has marked another boost after a power purchase agreement (PPA) was secured for a major project in the country’s centre-west.
Developers Encavis and Solarcentury have now inked a deal with an unidentified offtaker for Talayuela Solar, a zero-subsidy 300MWp project planned in the Cáceres province.
In a statement today, the duo explained the swap-type PPA will run for 10 years and hedge offtake prices for around three-quarters of Talayuela’s power output.
The PPA arrangement was adapted to Talayuela from a template from the International Swaps and Derivatives Association, Encavis and Solarcentury said.
“[The deal] is structured as a hedge of Talayuela Solar's capture price rather than base load price, thus providing an optimal as produced hedge for the Talayuela project revenues,” they said.
The statement declined to name the offtaker, describing it however as a “leading international energy company” with a “solid investment grade credit rating”.
The unidentified counterparty is, the document went on to say, an energy firm with a pan-European asset base with activity across 40 countries and past experience with financial hedges.
Foreign names crowd Spain's subsidy-free PV scene
The Talayuela PPA signing comes roughly one year after UK-headquartered Solarcentury sold a 80% project stake to German peer Encavis, retaining a 20% holding in the process.
The offtaker deal emerges as the 300MWp project, having secured all permits and a grid connection point, inches towards its construction launch in autumn 2019.
The subsidy-free installation, set to be developed between Solarcentury, Kompa Solaire Sasu and Genia Global Energy Solutions, is meant to be ready for grid-linking by June 2020.
The zero-subsidy move is the latest of a fast-growing series in Spain, a country home to a fifth of Solarcentury’s global pipeline of solar PV projects.
Talayuela’s PPA success follows that of BayWa r.e.’s Don Rodrigo 2, the 50MWp extension to a 175MWp up-and-running predecessor that is seen as a subsidy-free trailblazer in Spain.
Earlier this month, BayWa r.e. walked PV Tech through key decisions around Don Rodrigo 2, including the rationale behind the project’s smaller size and the choice to steer clear of bank finance for now.
Sep 17, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, Extremadura, Spain, Europe, subsidy-free pv, encavis, solarcentury
German PV developer Athos starts a 40MWp dotation-free solar project in Spain
time being the first subsidy-less project.
Political issues impact on Spain's solar development
The German PV supplier’s first venture in
Nov 8, 2019 // Plants, Large-Scale, Commercial, Spain, Germany, Europe, subsidy-free, Athos
Soltec lands bifacial tracker manage Statkraft for 234MW of solar projects in Spain
construction services for utility Endesa for the growth of 3 PV projects in Spain with an overall capability of 142MW.
While Spain-headquartered
Jun 30, 2021 // Plants, Spain, bifacial, Europe, trackers, Soltec, Statkraft, Andalusia, supply deal
Spain's Audax welcomes IKAV as partner on its 230-MWp solar portfolio
as Audax Renovables in the development of its renewable generation company in Spain. IKAV currently has a really considerable portfolio of renewable possessions
Jun 16, 2022 // Markets & Finance News, Spain, Europe, audax, IKAV
L&G NTR Acquire Three Solar Energy Projects Of 115 MWp In Spain
Regulation (SFDR).
Anthony Doherty, Chief Investment Officer, NTR, stated, "Spain is the third largest European solar generator in the EU with ambitious
Jan 5, 2023 // Plants, Large-Scale, Commercial, Spain, Europe, Benedikt Ortmann, BayWa, NTR, Anthony Doherty, Bill Hughes, L&G NTR Clean Power Fund, Legal & General Investment Management
Statkraft, BayWa r.e. ink PPA for 41.7 MW of solar in Spain
latest PPA is Statkraft's 3rd off-take agreement with Baywa r.e in Spain. The parties formerly signed arrangements covering the Don Rodrigo 1 and 2
Oct 27, 2020 // Plants, Large-Scale, Markets & Finance News, Spain, PPA, Europe, baywa r.e., Statkraft
Solarcentury obtains permit to attach 177 MWp of solar in Spain
near Seville. The business presently has 2 GW of projects under growth in Spain, it
Dec 1, 2020 // Plants, Large-Scale, Commercial, Spain, UK, Europe, solarcentury, Solar Project, solar farm
Endesa purchases 419 MW of fully grown solar projects in Spain
approach to turn non-strategic assets to finance its investment strategy in Spain.
With the current procurement, Endesa has collected over 2 GW of brand-new
Nov 8, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, Europe, Endesa, Solar Project
OPDEnergy Begins Operation of 50 MW Solar Plant in Spain
its new solar PV plant Zafra, located in Alcalá de Guadaira (Seville), Spain, specifically on the plot adjacent to Venta El Nevero, near the Utrera
Jan 3, 2020 // Plants, Large-Scale, Commercial, Spain, pv power plants, Europe, OPDEnergy, Luis Cid
Spain's Canary Islands to host 255MW of new solar PV
boost" the payment of solar to the islands' energy mix.
According to Spain's government, the Canary Islands had a 16.4% share of renewable resources in
Mar 15, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, Iberdrola, Europe, erdf, miteco, canary islands, solcan
Forestalia, Solaria put forward colossal solar ventures in Spain
unveiled plans to deploy a 3GW clean energy pipeline across Teruel, one of Spain’s least populated provinces.
The firm outlined the specifics of a
Oct 2, 2019 // Plants, Large-Scale, Commercial, Grids, Spain, Europe, subsidy-free pv, solaria, Forestalia, aragon, castilla la mancha, Fernando Samper Rivas, David Guengant
High wind, solar PV output push Spain's renewables share to 54% in May
April, the share of renewables in Spain's overall power production was 52.1%.
Renewables created 11,593 GWh of electricity in May, up by 4.8% year-on-year,
Jun 2, 2023 // Markets & Finance News, Spain, Europe