Ellomay Capital Ltd. has entered into an engineering, procurement & construction (EPC) agreement with METKA EGN Spain for the construction of the Ellomay Solar Project, a photovoltaic plant with an installed capacity of 28 MWDC in the municipality of Talaván, Cáceres, Spain.
The EPC Agreement provides a fixed and lump-sum amount of EUR15.32 million (US$18.3 million) for the complete execution and performance of the works defined in the EPC Agreement. The works include the engineering, procurement, and construction of the project and the ancillary facilities for injecting power into the grid and performance of two years of O&M services. The EPC agreement includes additional standard provisions, including with respect to liquidated damages in connection with delays and performance, performance guarantees, suspension and termination.
METKA EGN Spain is expected to complete the works under the EPC Agreement within a period of 9 months from receipt of the Notice to Proceed. The early works commenced on March 1, 2021 and the Notice to Proceed is expected to be provided during May 2021.
Country updates
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March 26, 2021
CIP divests 49% minority stake in 487 MW Monegros wind portfolio in Aragon
Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure III K/S (CI-III), has entered into an agreement to divest a 49% stake in the Monegros onshore wind portfolio to a f...
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March 19, 2021
Capital Energy plans 58.7 MW wind project in Aragon
Capital Energy plans to build a 58.7 MW wind farm project in the region of Aragon in Spain for EUR47 million (US$56.7 million) investment, Public consultation for the project is launched in the...
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March 11, 2021
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March 11, 2021
Siemens Gamesa signs contract with Elawan Energy for 150 MW wind project in Albacete
Siemens Gamesa has signed a 150 MW agreement with Elawan Energy to supply 30 SG 5.0-145 model turbines for the wind complex, formed by three wind farms in the same area – Fuente Álam...
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March 11, 2021
Greenalia to build 13.5 MW Rodicio II wind project in Ourense
Greenalia, based in A Coruña, has planned o develop a 13.5 MW Rodicio II Wind Farm, which foresees the installation of three wind turbines distributed between the Ourense municipalities of Mace...
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