The Spanish gas and power provider, which has invested heavily in wind power over the past years, is increasing investments in solar energy projects.
The British manufacturer will now source ingots from a third-party supplier and process these into blocks in the U.K.
Through the auction, which will receive the support of the European Bank for Development and Reconstruction (ERBD), the government hopes to install between 30 MW and 50 MW of solar.
Around 2 MW of PV systems up to 5 kW are expected to be installed in the archipelago through the new scheme.
The 32 MW Starsol Solar PV plant will be the first independent power producer project to be connected to the national grid.
The funds will be used for the country’s renewable energy program and will be provided by the Brazilian Development Bank (BNDES) and the Inter-American Development Bank (IDB).
The solar park will consist of three 30 MW facilities located in Matamoros in the Mexican state of Coahuila.
According to the Spanish grid operator REE, grid-connected installed PV capacity had reached 4,674 MW at the end of last year. Furthermore, the country has another 55 MW of installed PV power coming in the form of standalone PV systems.
Net proceeds from the bond issue will be used to finance the company’s international expansion and the relaunch of Elettronica Santerno, the unit specializing in inverter production.
The country’s new minister for renewable energy said that a special committee for the tender will be now established, and that the results of the review will be published together with her new action plan for renewables.
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