The new generation capacity comes from three 50 MW solar projects Spanish energy company Naturgy secured in an auction by the Spanish government in 2017. The installations are near Ciudad Real, in the central-southern region of Castilla-La Mancha.
Another big energy group transitioning to clean sources has chosen to change its name to reflect the new strategy. The Spanish gas and power provider started investing in solar last spring.
Spanish energy company, Gas Natural Fenosa has announced that construction is underway on the 49 MW La Nava PV project, its first solar project in Spain’s central region of Ciudad Real. Construction is expected to be completed by the end of 2018.
The seller of the two PV projects, both to be developed in the state of Minas Gerais, is Chinese-Canadian solar module manufacturer, Canadian Solar. The €95 million transaction enables the Spanish power and gas provider to make its entry into the Brazilian solar market, after it secured its first large-scale PV projects in Spain in last summer’s auction.
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