Project selected in the auctions will be granted a 15-year PPA and will have to begin delivering power in December 2022.
The vertically integrated factory is expected to be located near Sevilla, in southern Spain. The factory will be owned and operated by the newly created company Greenland Gigafactory.
LevelTen Energy reports each quarter on the prices that wind and solar project developers have offered for power purchase agreements, and makes medium-term estimates for the most important markets. Italy and Spain have been the most active markets in the first quarter of 2021.
A Chilean startup is using solar energy to produce high-quality drinking water from the humidity in the air. The first plant is located in Chile, but there are plans in the works to expand to Colombia and Peru.
The new company, which will be majority-owned by the Spanish insurance group, is currently developing 130 MW of photovoltaic projects across Spain.
Spanish PV product distributor Techno Sun has published a report analyzing the consequences of high-power modules for installers and distributors. The guide provides a method to calculate the additional costs of large solar panels from different points of view.
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