S.A.G Solarstrom JV to see 440 MWp of PV installed in Spain

A total of four photovoltaic plants will be installed in the Spanish province of Badajoz. While the exact investment sum was not divulged, S.A.G. Solarstrom said it falls in the three-digit million range.

Specifically, a 165 MWp plant will be installed in the district of Bienvenida, and three plants, worth 55 MWp, 132 MWp and 88 MWp, respectively, will be developed in the district of Calzadilla de la Serena.

It is expected that the plants will generate enough energy to supply 150,000 four person households upon completion. The electricity will be sold, via power purchase agreements, to local energy providers. "The government of the Spanish region of Extremadura has contractually guaranteed their support for the project officially with regard to cooperation with the authorities, the energy providers and the network operator REE (RED Eléctrica España)," said S.A.G. Solarstrom in a statement released.

Under the JV, S.A.G. Solarstrom has said its subsidiary will hold a 51% stake. If all approvals for the project and JV are received, construction will begin in the second half of next year. Currently, the German group is working on a 2.8 MWp photovoltaic project in the region of Extremadura as part of the JV agreement.