French developer proposes 250 MW Spanish PV project
French photovoltaic developer Dhamma Energy is planning to install a 250 MW photovoltaic plant in Extremadura, Spain, according to Spanish newspaper El Periódico de Extremadura.
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The project is at an early stage. The company has solicited the municipality of the city of Mérida to lease between 200 and 300 hectares state-owned land for the photovoltaic project.
The total amount of investment expected is €270 million (US$ 352 million) and the project will initially generate a profit of around €10 million, according to Mérida city’s mayor Pedro Acedo.
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