Luxcara acquires 121 MW solar project in southern Spain

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From pv magazine Spain.

German renewables investment company Luxcara has acquired the Guillena-Salteras solar project in southern Spain. The plant has a capacity of around 121 MW and when the project was announced, local media reported it entailed an investment of €80 million.

Luxcara has not made public the purchase price of the plant but said construction “will begin shortly, with the grid-connection … scheduled for the second quarter of 2020.”

The Guillena-Salteras facility will sell electricity to an unspecified power provider under a PPA. The solar park is north of Seville, in the high irradiation region of Andalusia, and will be connected to the Salteras substation of grid operator Red Eléctrica de España. The project will be completed by special purpose vehicle Guillena-Salteras, acquired by Luxcara for institutional investors. Developer Solarig Global Services will be responsible for construction.

“This is our second investment in southern Spain within a year,” said Philip Sander, managing partner of Luxcara. “Andalusia continues to convince us with high irradiation values ​​and very low energy generation costs.”

In December 2017, Luxcara acquired the El Salobral project, in the town of Espejo, Córdoba from Hive Energy. The plant will have a capacity of 45 MW.