The €125 million solar park is under construction near Seville. The project was selected in an auction held by the Spanish government in July 2017.
The two nations have signed a memorandum of understanding to build a third power link connecting their electricity systems. The news will again initiate hope for the transfer of solar energy from Africa to Europe, but is that hope justified?
The companies have entered a 15-year agreement for the plant, probably the first PPA for a project that size in Germany. Last week, EnBW said it was considering constructing a subsidy-free solar park in Brandenburg.
The Balearic parliament is today set to approve the Law on Climate Change and Energy Transition that includes, among other measures, an obligation to incorporate PV panels in car parks and new buildings. The bill also mandates the closure of all polluting power plants from next year and a prohibition of diesel vehicles from 2025, and petrol engines from 2035.
Audax Renovables has signed an agreement with Welink under which the Spanish company will buy – for 20 years at a fixed price – the energy produced by solar facilities with a total 708 MW of generation capacity that Welink will develop in Spain and Portugal. German group Allianz will buy the solar plants after completion.
U.S. fund KKR and Spanish group Gestamp have reportedly begun X-Elio’s sale process. Oil business Repsol and power company Iberdrola are said to be among the interested buyers circling the PV project developer.
Approximately 261.7 MW of new PV systems were deployed in the country last year, according to provisional numbers from solar energy association UNEF. Once again, rooftop PV for self-consumption drove demand, although 26 MW of ground-mounted solar parks were connected in 2018.
The Spanish government has proposed a Royal Decree with new self-consumption regulation which is expected to be approved in March or April. According to the new rules, power surpluses may be shared with other consumers or fed to the grid.
The German company acquired the rights to build the plant from Synergia Energy Solutions. The Alarcos solar park will be in the municipalities of Ciudad Real and Poblete. Work is expected to begin in April, with grid-connection this year.
Wood Mackenzie’s number-crunchers are the latest analysts queueing up to predict a bumper year ahead for PV, with falling prices, rising efficiency rates and booming markets outside China all on the cards. And it could be a make-or-break year for mega-projects, says Wood Mac.
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