Cubico invests in 23.4 MW solar project in Jumilla
Cubico Sustainable Investments, backed by two of Canada’s largest pension funds, has acquired Luzentia Promoción y Mantenimiento Renovable, S.A., the owner of a 23.4 MWp operational solar PV plant, from a group of investors.
The plant is located in Jumilla, Murcia, in southeastern Spain and became operational in 2007, at which time it was one of the largest solar PV assets in the world.
Cubico has acquired the plant on a full equity basis and plans to finance the asset in the first quarter of 2020. An array of solutions from traditional project financing to bond financing are currently being evaluated.
Country updates
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December 12, 2019
EGPE starts operation of 20 MW Ampliacion Los Llanos wind project in Burgos
The renewables unit of Endesa, Enel Green Power Espana (EGPE), has started the operation of its 20 MW Ampliacion Los Llanos wind project in Burgos, Spain. The facility consists of&nbs...
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December 10, 2019
Grupo Cobra starts the commercial operations of the 190 MW solar PV power complex in Alcazar de San Juan
Grupo Cobra has started the commercial operations of the 190 MW solar PV power complex in Alcazar de San Juan, Spain. The solar power complex is composed of four solar plants (Alcázar I,...
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December 10, 2019
Som Energia inaugurates 1.5 MW La Florida solar project in Lora del Río
Som Energía's new 1.5 MW La Florida photovoltaic plant was inaugurated in the municipality of Lora del Río, Seville. The park began operating at the beginning of November, and currently...
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December 05, 2019
X-Elio, Nexus Energia sign PPA for two 50 MW solar projects in Murcia
X-ELIO has signed a power purchase agreement (PPA) with Nexus Energía. The agreement will allow X-ELIO to build two plants with an installed capacity of 50 MW each in the Spanish region of Murc...
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December 04, 2019
Amazon offtakes 329 MW of power from solar projects
Amazon plans to offtake power from three new renewable energy projects in the US and Spain that support its commitment to The Climate Pledge and reaching 80% renewable energy by 2024 and 100% renewabl...
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