Renovalia nails financing for Spain’s first merchant PV project
The €29.7 million financing package was awarded by Banco Sabadell. Renovalia’s 79.2 MW solar park will be Spain’s first PV facility to sell all of its output on the spot market.
‘Portugal’s bid of €0.01470/kWh is not the price of PV’
Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, says the lowest final price of €0.0147/kWh announced by the Portuguese government from its recent solar auction does not reflect the real costs of PV and is no indicator of the future price of power in the electric market. More details of the auction are emerging and Iberdrola and Akuo appear big winners.
EIB, ICO finance Iberdrola’s 500 MW PV project with $285 million
The massive Núñez de Balboa solar plant is planned to be installed in Usagre, near Badajoz, in the southern region of Extremadura, Spain. The funding comes to multinational utility Iberdrola after securing three PPAs for the project.
Iberdrola plans 590 MW solar park in southern Spain
To be commissioned in 2022, the giant solar plant will be built on a 1,300-hectare surface in the municipal areas of Torrecillas de la Tiesa and Aldeacentenera, near Caceres, in the Spanish southern region of Extremadura.
Spain’s Balearic Islands to host 10 MW hydrogen project
The green hydrogen production plant planned for the Lloseta industrial area will be a pioneer project for Spain and Europe, say regional government officials, and is scheduled to start operating from 2021.
Renewables may be the victor in Spanish election
Although it is still unclear how the victorious Socialist Party will build a majority in parliament, listed Spanish energy companies such as Solaria and Audax saw the price of their shares rise significantly after the vote.
Tenerife plans 350 MW of solar alongside 1 GWh storage
A new project is in line with the target of the Island Council of Tenerife to cover all electricity demand with renewable energy. The development of electromobility and storage is key to the ambition.
Spain’s new rules for self-consumption come into force
The provisions allow self-consumption for communities and industrial areas; reduce administrative procedures – especially for small self-consumers; and establish a simplified mechanism for the compensation of self-produced excess energy.
Global surge to offset potential solar slowdown in China — IHS Markit
The global PV market will probably grow by as much as 25% in 2019, after sagging to a double-digit rate of expansion last year, with annual capacity additions likely to hit 129 GW, IHS Markit says in a new report.
Foresight secures 10-year solar PPA from ArcelorMittal in Spain
U.K.-based Foresight will sell electricity from two 5 MW solar plants near Toledo to a unit of French steel manufacturer ArcelorMittal. The financial terms of the deal were not disclosed.
