The solar moves in the province of Seville adds to an already buoyant PPA and subsidy-free scene across Spain (Credit: Flickr / Federica Chioni)
Two solar developers have made strides for utility-scale projects in Spain in the space of a few hours, concerning installations near the southern province of Seville.
On Tuesday, German asset manager Luxcara unveiled a power purchase agreement (PPA) it has sealed with European energy trader Alpiq for a 121MW project, already under construction.
The Guillena-Salteras scheme was acquired by Luxcara last December. It was initially a development by Spanish player Solarig Global Services, which remains the project’s EPC contractor.
Construction, underway since last December, is progressing “according to plan” and should lead to commercial launch in H1 2020, Luxcara said in its Tuesday statement.
The Hamburg-headquartered firm said the PPA signed was physical but declined to offer figures for the deal’s timeframe and pricing when approached by PV Tech today.
The deal sees Luxcara turn again to Alpiq for its Spanish solar PPA arrangements. In March, the Swiss group agreed to become the offtaker for a 45MW Andalusian plant Luxcara bought in January 2018.
For Luxcara, the Spanish PPA plays look set to boost a 2GW Europe-wide solar and wind portfolio it has built to date, through investments of over €2.5 billion (US$2.8 billion).
Solarpack enlists Bankia, Bankinter for 112MW trio
In separate solar news in Seville, three of Solarpack’s utility-scale projects reaped the support of top Spanish banks as they hit financial close.
The PV developer said on Wednesday a deal was signed earlier in July for Bankia and Bankinter to support a 112MW trio with funding of €59 million (around US$66 million).
Known as Grullas-Pedroso, Grullas-Peñaflor and Monclova, the projects bagged a combined 100MW in contracts at Spain’s auction of July 2017, which saw 4GW awarded to all solar bidders.
Solarpack’s plan is for the installations to go live by the end of this year. Once up and running, they will take the firm’s operational PV portfolio to an installed capacity of 129MW.
In Spain, the developer has so far commissioned projects such as 8.4MW Isla Mayor and 3.8MW Lebrija, whilst landing contracts to build for third parties including aventron’s 50MW plant.
Jun 15 - Jun 16, 2021
Looking at the drivers and dynamics of utility scale solar in the UK & Ireland over the next five years. This event will consider the immediate challenges as we enter the build phase in both these markets where we could see as much as 4GW deployed in 2021 alone! What developments will continue the growth of 100MW+ sites and what impact will government policy have on the rate of deployment in both markets?Join leading developers and manufacturers shaping the direction of one of Europe’s most active markets and hear from speakers with a history of influencing innovation and change.
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.