Repsol offloads 49% stake in 264 MW Valdesolar solar PV park in Valdecaballeros

Repsol has reached an agreement with the Renewables Infrastructure Group (TRIG), an international investment company managed by InfraRed, to take a 49% stake for EUR117 million (US$129 million) in the Valdesolar solar project in Valdecaballeros, Badajoz (Spain).

The project has a total installed capacity of 264 MW and has been fully operational since the third quarter of 2021. Valdesolar PV park is made up of 648,000 solar modules distributed in five large areas connected to the grid through a new 400 kV electrical substation that is also part of the project.

The facility will supply electricity to 140,000 households, or 350,000 people, equivalent to the combined population of Badajoz, Caceres, Merida and Plasencia, and will eliminate 211,564 tons of CO2 emissions per year.