FVR closes financing for 50 MW of solar in Spain
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.
Spain’s Endesa to deploy 4 MW / 1.7 MWh battery in Melilla
The battery will be made by assembling 78 second life battery packs from Nissan’s electric Leaf vehicles. The project is expected to help resolve imbalances in the electrical system of the autonomous city and improve quality of supply.
Spain wants 100% renewable electricity by 2050 as part of climate change strategy
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.
Nothing can stop Spain’s solar train now
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.
Solarpack plans to launch €100 million IPO
The Spanish developer said that funds from the IPO will be primarily invested in the execution of its 510 MW PV project pipeline.
China may raise 2020 solar target to more than 200 GW
The target of 105 GW of cumulative installed photovoltaic power, which was originally set for the end of the decade, has already been surpassed. PV Info Link says the 2020 solar target may now be revised upwards to 210-270 GW.
Naturgy finances Brazilian PV projects through $71.5m bond issuance
The Spanish gas and power provider will use the funds to build the Sertão I Solar and Sobral I Solar projects, with a combined capacity of 68 MW.
Enel begins construction on 127 MW of PV in Spain
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.
Another solar PPA announced in Spain
Energy company Iberdrola will supply power to telecoms business Euskatel. The electricity will be generated by the 391 MW Núñez de Balboa solar plant the company is building in southern Spain, for which Iberdrola secured a first PPA last summer.
Spain may introduce additional measures to support self-consumption
A few days after the Spanish government introduced new rules for self-consumption and canceled the solar tax, the Spanish Parliament is now reviewing new provisions to reduce the time frame of the registration for a project under the self-consumption regime, while also simplifying bureaucratic procedures.
