Foresight secures 467MW development-stage solar PV pipeline in Spain

Facebook
Twitter
LinkedIn
Reddit
Email
One of Foresight Solar’s assets in Spain. Image: Foresight Solar.

Investment group Foresight Solar Fund has secured a pipeline of 467MW development-stage solar PV projects in Spain.

The portfolio was acquired from renewable energy company Grupo Cuerva and an undisclosed Spanish developer.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Located across the south and east of Spain, the pipeline consists of six subsidy-free solar development projects with two sites seeking grid connections, while one with 57MW of capacity already secured grid access and with the potential to reach the ready-to-build phase in 2024.

Moreover, the remainder of the projects will apply for a grid connection through upcoming capacity market auctions.

Full consideration for the assets will be contingent on milestone achievements tied to the projects securing grid connections and reaching ready-to-build status over the next few years.

Ross Driver, managing director at Foresight Group and co-manager of Foresight Solar, said: “Securing projects at this early stage allows the company to capture the full benefit of progressing assets through the value chain, where we can recognise NAV [Net Asset Value] uplift at both the ready-to-build and construction completion milestones, as well as look to recycle capital along the way.”

Last year the investment group brought 125MW of existing Spanish solar portfolio into operation, an important market for the company, according to Alexander Ohlsson, chairman of Foresight Solar Fund Limited.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
For the third year in a row, self-consumption installs have fallen in Spain, with 611MW of new additions in the first half of 2025, according to a report from trade body APPA Renovables.
Premium
September 15, 2025
The UK government and solar industry have jointly published a long-anticipated roadmap detailing how to maximise the country’s solar potential. Chris Hewett, CEO of Solar Energy UK takes a closer look at the details.
September 12, 2025
German trade association BSW-Solar has called the German government for a simplified, standardised and more digitalised grid access for solar PV and energy storage operators.
September 9, 2025
Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale.
September 2, 2025
Q Energy has reached financial close for Taurus B, a portfolio of seven solar PV plants in Spain with a combined capacity of 251.71MWp.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA