The GrupoTec Servicios Avanzados company has connected 92 MW of photovoltaic solar energy to the electricity network, which was awarded in the auction held in July of 2017.
GrupoTec has invested in about EUR80 million (US$89.48 million) to the two solar plants, 50 MW photovoltaic plant in Albacete and 41.6 MW in Almería desert. The company has received financial support from two banks, Banco Sabadell and Bankia.
GrupoTec has commissioned the project ahead from the deadline set for January 1, 2020
Country updates
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January 07, 2020
Solarcentury secures funding for 500 MW solar projects in Alcalá de Guadaira and Cáceres
Solarcentury has secured a new EUR54.8 million (US$61 million) banking facility with NatWest and HSBC UK, which will be used to facilitate the construction of two utility-scale solar plants in Spain,...
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January 07, 2020
ACS enters agreement for Spanish solar portfolio sale
Spanish construction engineering company ACS Actividades de Construccion y Servicios has entered into an initial agreement for the sale of about 3,000 MW solar portfolio. The portfolio includes...
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January 07, 2020
European Commission approves acquisition of Senvion's 8.9 GW European Onshore Service Business by Siemens Gamesa
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over certain assets belonging to Senvion GmbH of Germany by Siemens Gamesa Renewable Energy, S.A....
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January 03, 2020
Kinesis Enerji buys 50 MW Andella wind project in Castilla y León
Kinesis Enerji has acquired the 50 MW Andella wind energy project located in the Castilla y León region. The company and its partner ABO Wind expect to connect the wind farm to the grid in 2022...
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January 02, 2020
Largest PV plant in Europe completed within a year
Iberdrola has completed the construction of the Núñez de Balboa project, the largest PV project in Europe in record time, in one year. The project recently obtained its commissioning per...
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