Nexus Energía has signed a 14-year power purchase agreement (PPA) deal with X-Elio for the output of its 50 MW solar photovoltaic project located in the Region of Murcia in Spain. The company will start producing power by the second semester of 2019.
The deal is the first PPA of X-Elio in Spain, although the company has a high experience in signing this type of contracts worldwide, in strategic countries within its activity, such as Mexico or the United States. In this case, the agreement will allow the company to ensure the level of income of the projects when selling their energy to the market, and therefore strengthen the viability of the same.
Country updates
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September 21, 2018
The 300 MW solar farm in Spain is approved for financing under the EFSI (Junker Plan)
Ellomay Capital Ltd., a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, announced that the project for construction of a photovoltaic pl...
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September 20, 2018
Enel Green Power starts construction of 84.7 MW solar project in Spain
Endesa’s renewable company Enel Green Power España (EGPE) has begun the construction of the 84.7 MW Totana solar photovoltaic (PV) facility, the company’s largest solar plant in Spa...
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September 19, 2018
Canadian Solar to supply PV modules for 350 MWp solar project in Spain
Canadian Solar Inc. has announced that it has been awarded a contract to supply 164 MW of photovoltaic (PV) modules to the 350 MWp Escatrón Solar power project owned by COBRA Group, a subs...
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September 14, 2018
Government of Castilla-La Mancha approves development of 50 MW solar project
The Government of Castilla-La Mancha has announced that it has sanctioned a new renewable energy project in the region, proposed by PHOTOSOLAR MEDINA 4 SL. The project involves the deve...
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September 13, 2018
REDEN Solar refinances solar assets in Spain and Portugal for US$116.6 million
REDEN Solar has announced that it has successfully completed the refinancing of its Portuguese and Spanish assets, raising a total of EUR100.5 million (US$116.60 million) in the process.
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