Spain

Holaluz, Chint Energy sign deal for 500 MW of solar in Spain

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.

Solarpack posts strong Q1 revenue as it chips away at global backlog

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.

Spain’s Audax to build 320 MW of PV plant capacity

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.

Spain’s Balearic Islands to host 10 MW hydrogen project

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.

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Renewables may be the victor in Spanish election

Although it is still unclear how the victorious Socialist Party will build a majority in parliament, listed Spanish energy companies such as Solaria and Audax saw the price of their shares rise significantly after the vote.

Tenerife plans 350 MW of solar alongside 1 GWh storage

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.

Spain’s new rules for self-consumption come into force

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.

Fotowatio could be sold

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.

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Foresight secures 10-year solar PPA from ArcelorMittal in Spain

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.

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Strong growth expected for residential PV in Spain

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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