Spain’s Holaluz has agreed to buy electricity from up to 500 MW of solar capacity that China’s Chint Energy plans to build in Spain. The investment has been estimated at roughly €350 million.
The Spanish developer’s operating revenues reached €12.5 million in the first quarter of 2019, up roughly 35% from the preceding three-month period. EBITDA stood at €4.5 million, up 14% from the fourth quarter of 2018, suggesting that the company has been moving from strength to strength since listing its shares in December.
After signing multiple PPAs for big solar projects in the Iberian peninsula as a buyer of electricity, the Spanish utility has announced it intends sell power from its own solar facilities. The planned PV plant portfolio will be spread across Andalucía, Castilla la Mancha and Murcia.
The green hydrogen production plant planned for the Lloseta industrial area will be a pioneer project for Spain and Europe, say regional government officials, and is scheduled to start operating from 2021.
A new project is in line with the target of the Island Council of Tenerife to cover all electricity demand with renewable energy. The development of electromobility and storage is key to the ambition.
The provisions allow self-consumption for communities and industrial areas; reduce administrative procedures – especially for small self-consumers; and establish a simplified mechanism for the compensation of self-produced excess energy.
According to Spanish financial newspaper Cinco Días, UAE-based Abdul Latif Jameel Energy is trying to sell Spanish developer Fotowatio Renewable Ventures (FRV), which it acquired just four years ago. Although FRV has decided not to comment on the matter, market sources believe that reports of its impending sale could simply be an attempt to gauge investor appetite.
U.K.-based Foresight will sell electricity from two 5 MW solar plants near Toledo to a unit of French steel manufacturer ArcelorMittal. The financial terms of the deal were not disclosed.
Some 328,000 single-family homes could install rooftop PV systems for self-consumption in Spain, according to a new report published by Solarwatt. This means the country has the potential to deploy around 1.5 GW of residential PV capacity over the next three years.
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