Foresight Group has signed a 10-year power purchase agreement (PPA) deal with ArcelorMittal Energy for its two solar photovoltaic projects with a combined capacity of 10 MW.
The solar parks - Escalonilla Norte and the Escalonilla Sur, both with an individual capacity of 5 MW will be built in Toledo, Spain. The projects are expected to commence operation by the second quarter of 2019.
The deal with ArcelorMIttal is Foresight’s first corporate fixed-rate PPA in Spain.
Country updates
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April 02, 2019
Aquila Capital completes purchase of 700 MW wind and solar projects in Spain
Aquila Capital has disclosed that it has completed the purchase of a portfolio of project rights for renewable energy projects in Spain with a total capacity of more than 700 MW. It consists of over 4...
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March 29, 2019
Enel Green Power starts construction of 3 wind farms in Spain
Enel Green Power España (EGPE), Endesa’s renewable energy unit, has started construction of three wind farms for an overall capacity of around 90 MW spread across the municipalities of Al...
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March 26, 2019
OPDEnergy and Marguerite close €81 MM construction financing for 3 Spanish solar projects totaling 150 MW
Multinational firm OPDEnergy has announced the closing of 3 project finance agreements for the construction of 150 MW of utility-scale solar projects in Spain. The first agreement was signed with Banc...
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March 19, 2019
AIMCo completes acquisition of majority stake in Eolia
Alberta Investment Management Corporation (AIMCo) has completed the purchase of over 90% stakes in Eolia Renovables de Inversiones from funds managed by Oaktree Capital Management,...
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March 19, 2019
Iberdrola breaks ground on 500 MW Nunez de Balboa
Iberdrola has begun the construction in the town of Usagre, the largest photovoltaic plant in Europe. With 500 MW of power, it will involve an investment of close to EUR300 million (US$339.00 million)...
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