Fotowatio Renewable Ventures (FRV) has reached financial close for the 50 MW dc La Solanilla Solar Farm in Trujillo, in the Spanish province of Cáceres.
FRV has closed the financing agreement with Banco Sabadell and it is expected that construction begins by the end of the year. The project will be located in Trujillo, 50 km from the capital of Caceres, in the region of Extremadura.
This new solar plant will generate around 103 GWh of clean energy per year- enough to supply 25,000 Spanish homes and reduce the emission of approximately 1 kilogram of CO2 per hour.
In addition, the plant, which will be built by the Spanish company Cobra under an EPC contract, will contribute to the economic development of the area – it is expected that 300 local jobs will be created during the construction phase of the plant, and once operational, approximately 5 of those jobs will be maintained.
Country updates
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November 13, 2018
AIMCo to acquire Spain’s Eolia Renovables from Oaktree
Alberta Investment Management Corporation (AIMCo) has entered into an agreement to acquire a majority stake in Eolia Renovables de Inversiones, S.C.R., S.A (Eolia Renovables), a leading independe...
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November 13, 2018
Naturgy to invest 45 million euros to build Barásoain and Tirapu wind farms in Navarre
Naturgy has begun construction work on two wind farms located around five municipalities of Navarre: Añorbe, Artajona, Barásoain, Olóriz and Tirapu. These projects will have a tot...
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November 12, 2018
Ence extends green financing for new 46 MW biomass generation plan in Puertollano
ENCE extends the green financing of its Renewable Energy subsidiary to 69 million euros for the new 46 MW low emission biomass generation plant that the company is building in Puertollano (Ciudad Real...
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November 03, 2018
CTG bids for EDP, EDPR to be made simultaneously
The Securities and Exchange Commission (CMVM) has clarified that the China Three Gorges (CTG) 's takeover bids on EDP and EDP Renováveis must be done simultaneously. The informa...
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November 02, 2018
Trina Solar to provide 190 MW modules to solar project in Spain
Trina Solar Limited (Trina Solar), has announced that it will provide 190 megawatts of its integrated photovoltaic (PV) solution, TrinaPro, to Cobra for a large solar park in Spain.ACS Group and its&n...
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