Everwood Capital Fund IV has proceeded to commission the second of its photovoltaic plants: the 50 MW Cartuja Project, located in Jerez de la Frontera, Cádiz, Spain. The facility, which is already producing, has part of its income pre-established with a PPA with the energy trading company Axpo, but another part of the production goes to the market.
In November 2020, ABEI Energy & Infrastructure began construction work on the plant. The plant has been built on 132 hectares with single-axis tracking and bi-facial modules, generating employment during its construction for more than 150 workers. The construction of the plant was completed last September when it has been connected to the grid and therefore started the sale of electricity in October 2021.
Liberbank is the bank in charge of financing this project. On December 31, 2020, the financing was closed through project finance for an amount of EUR25 million (US$30 million).
Country updates
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October 19, 2021
Forestalia awards BoP contract for 49.5 MW Majas 6A wind project to GES
Forestalia has awarded the construction contract to Global Energy Services (GES) for the development of the 49.5 MW Majas 6A wind farm project. GES will deliver the balance of plant (...
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October 15, 2021
Soltec Power signs supply deal for 50 MW solar project in Cuenca
Corporacion Acciona Energias Renovables SA (Acciona Energia), a unit of Acciona, has commissioned Soltec Power Holdings SA to supply solar trackers for a 50 MW solar photovoltaic project in Spain...
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October 12, 2021
Greenalia to build 45 MW Xesteiron wind farm in Galicia
Greenalia's Xesteirón wind farm (45 MW) has started the public exhibition phase after publication in Galicia’s Official Gazette together with the environmental impact study. The company e...
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October 11, 2021
Capital Energy, ADL BioPharma sign PPA for 39 MW Las Tadeas wind project in Palencia
Capital Energy has signed a long-term electricity supply contract (PPA) term with ADL BioPharma for the 39 MW Las Tadeas wind farm located in the Palencia province of Castile and Leon region in Spain....
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October 08, 2021
Macquarie closes EUR43mn debt investment in 50 MW CSP project in Andalusia
Macquarie Asset Management has closed a EUR43 million (US$49.74 million) debt investment in a concentrated solar power plant in Spain owned by Q-Energy. The bespoke, long-dated, debt financing provid...
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