innogy has taken the final investment decision (FID) for a solar farm in Spain. The ‘Alarcos’ project is set to have a capacity of about 50 megawatts and will be operated without state subsidies. Both the beginning of construction and full commissioning of the photovoltaic plant are planned this year.
The planned investment volume, including the acquisition of project rights for Alarcos, amounts to about €40 million in total. The Alarcos project was developed by the Spanish company Synergia Energy Solutions, S.L. and 100 per cent of shares were sold to innogy in summer of last year. The contracting parties have agreed to keep the conditions of the transaction confidential, including the purchase price.
The large-scale solar farm will be located to the south of the city of Ciudad Real in the Autonomous Community Castilla-La Mancha. According to current plans, the last pending approvals are set to be made available in the coming weeks so that construction work can begin in early April. It is anticipated that commercial operations will start at the end of 2019. After full commissioning the solar plant will produce enough green energy to supply the equivalent of around 25,000 homes.
innogy’s subsidiary BELECTRIC is responsible for all construction works and will also take on operation and maintenance of the solar farm as a service provider.
