The analysts forecast further solar growth for this year, with the Spanish market expected to become Europe’s fifth-largest in 2018.
The power purchase agreement (PPA) relates to large-scale PV projects planned to be operational by 2020. The buyer of the power generated by the solar facilities is Spain’s power provider, Audax. 495 MW of the capacity will be located in Spain, while the remaining 165 MW will be installed in Portugal.
The Italian solar plant operator has decided to re-enter the Italian PV market, as costs for large-scale solar are now under €1 million/MW and conditions for unsubsidized projects are improving. Overall, it plans to invest around €800 million in solar in the two southern European countries over the next five years.
The Italian utility has started approval proceedings to build six “grid-parity” projects totaling 257 MW in the region of Extremadura, while the U.K.-based developer is planning to build a 45.6 MW solar plant for the spot market in Andalusia.
In an interview with pv magazine, the general manager of Madrid-based solar association UNEF, José Donoso discusses the recent trajectory of solar distributed generation in Spain, while pointing out the necessary actions needed to enable further growth.
The company’s unit, Sunshine Latin has secured a permit and a fiscal incentive for the project from the municipality of Alcalá de Guadaíra, where the solar facility will be located.
The 46.7 MW worth of acquisitions will make the firm one of the largest in Spain, with Sonnedix now operating a worldwide capacity of 703 MW.
Latest report by IEEFA showcases nine case studies among the world’s leading states by wind and solar market share, which can serve as an example for other countries on their energy transition pathways.
While expecting the deployment of several GWs, which were allocated in this year’s auction, Spain’s solar demand grew by 145% last year. Most of the 135 MW installed last year comes from self-consumption and off-grid projects.
In what is the largest ever energy grant to be issued by the EU, France and Spain’s interconnection capabilities are to be boosted to 5 GW once an undersea cable across the Bay of Biscay is finalized.
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