Spain’s Audax to build 320 MW of PV plant capacity

Share

From pv magazine Spain.

The Audax Renovables unit of Spanish energy company Audax has announced it will build a portfolio of PV power plants in its homeland with an aggregate generation capacity of some 320 MW, of which 60 MW are already in an advanced stage of development.

In a filing made to Spain’s National Securities Market Commission, the company said the plants would be distributed across unspecified locations in the southern Spanish regions of Murcia, Castilla La Mancha and Andalusia, and grid connection of the first projects is planned within months.

Audax wants to increase its generation capacity to supply customers with renewable energy produced at its own PV facilities, the company said.

The strategy, the power company added, is in line with its ambition to remain the leading power provider for small and medium-sized companies in Spain up to 2022. Audax currently supplies around two-thirds of its power to SME customers through power purchase agreements.

Splurging on solar

“The 320 MW of installed power incorporated with these photovoltaic projects will provide, once operational, some 600 GWh per year of green energy, equivalent to the annual consumption of more than 175,000 homes,” the company said in its filing.

No further technical or financial details of the projects were provided.

In March, Audax Renovables’ parent company signed a 20-year deal with Chinese PV manufacturer and project developer Trina Solar for another 300 MW of solar power generation capacity in the Iberian peninsula, a move which took its total generation capacity in the region to a huge 1.7 GW. A month earlier it had signed the world’s biggest private PPA, with Irish investment fund WElink for a 708 MW portfolio of solar projects in Spain and Portugal.

Grid parity solar projects in Spain are in the rise, with more than 2.7 GW of PPAs signed in the nation in just two years.