Discover our upstream and downstream technical journals
The projects near Seville should be ready for grid linking by 2020 (Credit: Solarcentury)

The projects near Seville should be ready for grid linking by 2020 (Credit: Solarcentury)

Solarcentury has offloaded a majority stake in a 200MW PV portfolio in southern Spain, which it will work to build starting this summer.

The British solar developer has yet to disclose the identity of the majority buyer for the four 50MW projects ‘Cerrado Cabrera’, ‘El Primo Alemán’, ‘Hazas de los Sesenta’ and ‘Los González’, cleared for construction last November in Alcalá de Guadaira (near Seville).

Solarcentury said it will build, run and manage the ‘La Cabrera’ group of four mostly on its own, once full financial close is reached. The developer will work alongside partner and local engineering firm Texla, as earlier statements had indicated.

The stake divestment comes amid speculation that a sale could too lie on the horizon for the entire Solarcentury group. Last week, investment bank Evercore was said by Sky News to have been hired to run a £250 million (US$325 million) auction process for the UK developer.

Over in Alcalá de Guadaira, work on the 200MW portfolio should see the four PV plants linked to the grid in 2020. the power they generate after that point should cover the demand of 105,000 households, according to Solarcentury.

As noted by the firm’s chief executive Frans van den Heuvel, this is the second large-scale PV project it is deploying on a subsidy-free basis in Spain.

Its 300MW Talayuela installation in Cáceres – some 400 kilometres north – went down the same route after signing a PPA with an undisclosed offtaker last October. Since that same month, the project has been co-owned between renewable operator Encavis (80%) and Solarcentury (20%) after the former bought a majority stake.

Solarcentury claims to be working on a 5GW solar pipeline across the globe, spanning auction-backed projects in France, PV mini-grids in Eritrea, utility-scale in the Netherlands, Nigeria and Chile, amongst others.

Tags: spain, southern europe, europe, subsidy-free, zero-subsidy, unsubsidised, draft ppa, andalusia, seville, la cabrera, solar pv, pv power plants, solarcentury, m&a

Solar Media Events

Utility Solar Summit, UK & Ireland

May 26 - May 27, 2021

ONLINE

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.

Find out more

Solar Media Events

PV ModuleTech

Mar 09 - Mar 11, 2021

ONLINE

Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability. This event will be run online with streamed content and online networking.

Find out more

Solar Media Events

Solar Finance & Investment Europe

Feb 03 - Feb 04, 2021

ONLINE

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.

Find out more

Comments