Image credit: Daniel Sancho / Flickr
Spanish clean energy players have come forward in recent days with projects set to bring a major solar boost to Europe’s current market-of-the-moment.
Forestalia Renovables this week unveiled plans to deploy a 3GW clean energy pipeline across Teruel, one of Spain’s least populated provinces.
The firm outlined the specifics of a scheme that will see it invest over €2.4 billion (US$2.6 billion) to build dozens of renewable projects.
The 3GW pipeline in Teruel will be split between 34 PV parks (1.64GW) and 32 wind installations (1.3GW) and could trigger the creation of 12,000 construction jobs, according to Forestalia.
Contacted by PV Tech, the firm had not said by the time this story went live whether the 3GW will be deployed with auction support, power purchase agreements (PPAs) or on a merchant basis.
The developer – a top winner at previous renewable auctions in the country, bagging 316MW for PV projects at the last tender in 2017 – was founded in 2011 by its current CEO, Fernando Samper Rivas.
Its 3GW clean energy push comes as Spanish media document last-minute “panic” over delays with renewable projects supported by the country’s last two tenders.
The July 2017 auction – which saw solar reap 3.9GW of 5GW-plus in contracts – requires winning projects to go live between January and March 2020, a deadline many are reportedly set to miss.
Aspiring top IPP in grid victory for 450MW of PV
While some of those policies remain in legislative limbo – with Spaniards called again to vote to break months of political paralysis – the utility-scale PV pipeline continues marking milestones.
Also this week, Solaria Energía y Medio Ambiente announced it has bagged a favourable grid connection report for the largest solar project it has ever undertaken.
In a statement, the firm explained it has already secured over 1,000 hectares of land for its 450MW Trillo project in the Guadalajara province, just west from Teruel.
The 900MWh-a-year scheme is part of a solar growth roadmap unveiled in June, meant to help Solaria become Spain’s top IPP by 2023 by hitting 3.325GW in installed capacity late that year.
Earlier this year, the firm walked PV Tech through the PPA strategies and component supplier choices that will shape its efforts to deploy solar in Spain at annual rates of 650MW.
David Guengant, head of investor relations, said Solaria would seek to use its its roots as PV maker to keep costs in check, bolstering project economics against future power price fluctuations.
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Feb 03 - Feb 04, 2021
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.