The Spanish-Japanese developer wants to build two plants in the municipalities of Grijota and Herrera de Pisuerga, in the province of Palencia.
The construction of the Guillena-Salteras plant in Seville will begin shortly, with completion scheduled for the second quarter of 2020.
PI Berlin plans to open a headquarters in Spain next year. pv magazine has spoken with Senior Consultant Asier Ukar about market expectations, the most recurrent quality failures in Spain, risks, certification and protectionism. “After 10 years, we return to Spain with much enthusiasm,” he told us.
The Spanish government’s zeal in reducing electricity market prices can hit investment in renewable projects, which need stability. pv magazine interviewed Antonio Delgado Rigal, a doctor in artificial intelligence and founding Partner and CEO of AleaSoft, to discuss market equilibrium, the impact on electricity prices of the measures applied and announced by the government, and the appropriate transformation of the energy model.
The Spanish developer is expected to increase capital between 38.5% and 40.7%. The price range has been set between €8.0 and €10.3 per share. The raised funds will be invested mainly in the execution of the contracted portfolio of projects totaling 510 MW, in the acquisition of 13 MW of operating assets in Spain and in the development of its additional portfolio of projects totaling 2.9 GW.
Four projects – “Cerrado Cabrera”, “El primo Aleman”, “Hazas de los sesenta” and “Los Gonzalez” – each totaling 50 MW will be located in Alcalá de Guadaíra, near Seville. Work on the plants is expected to commence in April 2019.
The Law on Climatic Change being prepared by the Spanish government provides greenhouse gas emissions be reduced by 20% compared to 1990 levels in 2030, and that the electric system has 70% generation from renewable energy sources. By 2050, the targets will be raised to 90% and 100%, respectively.
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