Macquarie’s Green Investment Group and Univergy International are to collaborate through a new business entity, Nara Solar to build over 700MW of PV projects in Spain, France and the Netherlands.
Nara Solar is being headquartered in Madrid and is expected to initially develop Univergy International’s existing European portfolio, said to be over 35 projects, totalling more than 700MW.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Yago Acon, CEO of Nara Solar, said: “The European solar market is gearing up a period of significant growth, particularly in Spain where falling costs have stimulated a reawakening of the industry. It’s an exciting time to be creating a new solar development platform that will generate new investment opportunities and help stimulate the growth of solar energy across Europe.”
Spain is expected to install over 8GW of PV projects through 2022, representing an annual growth rate of 21%.