Projects include a solar park and several installations of hundreds of kilowatts, all of which located in the island of Gran Canaria.
The project is planned to be developed in the municipality of Talaván, in the southern region of Extremadura.
The government of the archipelago is planning to decommission parts of thermal power plant Es Murterar and to increase the share of renewables through the deployment of large-scale PV capacity.
Through the new fund, the Spanish financial services provider hopes to initially raise up to €20 million.
The government of the Spanish archipelago is planning to define the bidding rules for its own renewable energy auction by the end of July.
The decree implementing the auction was published in the country’s official journal on Saturday. Solar seems to have more options compared to the previous 3 GW auction, in which only 1.5 MW of PV was contracted.
Only solar and wind power projects will compete in the auction. Wind, however, will probably have the largest share as the bidding rules remain unchanged.
The French steel maker announced the production of its Magnelis coated steel will be increased in Avilés, northern Spain.
The giant solar plant was given the greenlight by Spain’s National Commission on Financial Markets and Competition (CNMC). The project was previously given approval by Spain’s Ministry of Environmental Affairs in mid-2015.
The Calzadilla de los Barros solar project was planned to have a capacity of 394 MW. The project is one of several giant PV projects announced across several Spanish southern regions over the past years.
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