Fotowatio Renewable Ventures, a renewable energy developer, and a part of Abdul Latif Jameel Energy has announced the commissioning of their solar photovoltaic (PV) farm in Spain, San Serván 400, which consists of three 50 MWdc projects, for a total of 150 MWdc.
The solar PV farm will provide over 100,000 homes with clean energy in the Extremadura region, in the west of Spain. It will produce around 300 GWh of clean energy per year, helping avoid the emissions of 223,000 tons of carbon dioxide (CO2) annually. The project will contribute to Spain’s Long-Term Decarbonization Strategy to achieve greenhouse gas emissions neutrality by 2050.
Its construction has been carried out through a financing agreement with BBVA and Natixis for an amount of US$94 million under the project finance modality.
