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.
Some 350 MW will be divided between wind and solar for projects of 500 kW to 10 MW in scale. The ceiling price for solar and wind has been set at $60/MWh.
Grupo Cobra will be responsible for the construction of the plant, which will comprise 151,500 PV modules of 330 Wp, mounted on a horizontal single axis solar tracking system and 27 inverters. The facility will occupy an area of 161.2 hectares.
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.
At an event held in Madrid this week, the Spanish solar sector made it clear that it is more than ready to achieve the government’s renewable energy targets, which include 50 to 60 GW of new PV capacity by 2030. The sector is experiencing a rebirth.
The Spanish developer said that funds from the IPO will be primarily invested in the execution of its 510 MW PV project pipeline.
Construction has begun on three solar plants in the Extremadura region, with a total capacity of 127 MW. The projects – expected to be in operation by the end of 2019 – were awarded to Enel in Spain’s third renewables auction, and involve a total investment of close to €100 million.
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