Solarcentury sells majority stake in 200MW development in Seville, Spain
Valencia. April 17, 2019. Solarcentury, the global integrated solar power company, today announces that it has sold a majority stake in four large-scale solar farms in Alcalá de Guadaira in the Spanish region of Seville, amounting to a significant 200 MWp of solar power. Construction is scheduled to begin in Summer 2019 following full financial close of the projects. They are expected to be connected to the grid in 2020, producing enough electricity to cover demand from 105,000 households in the region.
Solarcentury will part own, construct, operate and manage the four 50 MWp plants, collectively known as ‘La Cabrera’, which are named “Cerrado Cabrera”, “El Primo Alemán”, “Hazas de los Sesenta” and “Los Gonzalez”.
Frans van den Heuvel, Chief Executive of Solarcentury said:
“It’s a hugely positive time for European solar power, and we are extremely excited to be growing our footprint in Spain with this, our second large-scale solar project set to be built without subsidy in the country.
“As the solar industry matures and the costs of development fall, subsidy-free solar projects are becoming increasingly viable, supported by growing demand from international investors who now view solar power as a long-term asset class in its own right.
“With our significant pipeline of solar projects and our strategic focus on end-to-end solar development, management and storage, we are proud of the role we are playing in bringing clean power to businesses, communities and households across the globe, while enabling a swift and meaningful transition from fossil fuels to zero carbon energy.”
Solarcentury Spain, which is headquartered in Valencia, earlier this year announced the creation of 100 engineering and construction jobs in the Extremadura region of Spain, to assist with the construction of its 300 MWp Talayuela solar farm; one of the largest of its kind in Europe.
The company has a 5 GW pipeline of solar projects under development worldwide including a 500 MW pipeline in the south of Spain, which will be ready to build over the coming years.
Notes to editors:
The farms are expected to produce electricity to meet the demand for over 105,000 households, based on average household consumption of 3,800 kWh/yr and electricity production of 400,000MWh/yr.
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