ib vogt has commenced the construction of the 149 MWp Garnacha solar project in the province of Zamora in Spain.
Norddeutsche Landesbank Girozentrale (NORD/LB) and Santander Corporate & Investment Banking provided the EUR90 million (US$93.7 million) long-term project finance arrangement, which closed on August 25, 2022. Commercial operation (COD) of the solar farm is scheduled for October 2023.
The 224-ha project will consist of more than 270,000 solar panels installed on north-south single-axis trackers for the best performance. The panels will generate 300 GWh per year, enough to power 85,000 homes and save 50,000 tons of CO2 annually.
Country updates
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November 15, 2022
Banco Sabadell to finance 285 MW of Spanish solar PV projects
Solaria and Banco Sabadell have concluded a preliminary, non-binding agreement for the long-term financing of 285 MW of solar photovoltaic (PV) projects in Spain. Subject to a due diligence review an...
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November 14, 2022
Capital Energy secures environment approval for two Spanish solar projects
Capital Energy has been awarded the environmental approval for the development of two solar photovoltaic (PV) projects with a combined capacity of 205 MW located in Spain. The two projects are...
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November 14, 2022
Sonnedix completes acquisition of Spanish solar farm from Impax Asset Management
Sonnedix has completed the acquisition of a recently commissioned 36 MWp solar photovoltaic project located in Herencia, Ciudad Real, Spain from Impax Asset Management. Named the 'Fra...
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November 10, 2022
Ecoener commissions 100 MW renewable energy complex on Canary Islands
Ecoener has inaugurated a 100 MW renewable energy complex comprising 8 wind farms and 12 photovoltaic (PV) power plants on Canary Islands, Spain. With a total investment of EUR125 million (US$125.5 m...
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November 10, 2022
Iberdrola to invest EUR17bn on renewable energy
Iberdrola SA plans to invest around EUR17 billion (US$17.1 billion) in renewables between 2023 and 2025 in order to reach a total installed capacity of approximately 52 GW of clean energy by the end o...
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