Audax's Iberian PV play is the latest in a long series in little more than a year (Credit: Flickr / Nathan Rupert)
Audax bags 320MW Spanish portfolio from undisclosed seller
10 May: Clean energy firm Audax has snapped up a major solar pipeline in Spain, the latest PV play for a traditionally wind-focused developer and distributor.
According to the group’s statement, a 320MW portfolio – 60MW of it at an advanced development stage – has been acquired from an undisclosed seller, spanning assets across the southern regions of Andalusia, Castilla la Mancha and Murcia.
Contacted by PV Tech today, a source explained the PV pipeline features a number of projects of around 50MW, with others around the 20MW capacity mark and a handful of smaller (5MW) assets. Construction, the source added, will be handled by the as-of-yet unidentified seller.
The price tag for the 320MW lot has yet to be revealed but PV Tech understands it could lie in the region of €250-270 million (US$281-303 million).
The Spanish solar foray is the latest of a series at Audax. In little more than a year, the firm has signed Iberian solar PPAs with JP Morgan (660MW), WELink and Allianz (708MW) and Trina Solar (300MW).
Foresight continues subsidy-free spree with 50MW purchase
10 May: Foresight has expanded its Iberian subsidy-free portfolio by acquiring a 50MW project in Puebla de Guzmán, Andalusia.
The purchase from EPC player Solaer Group – the fifth and largest Foresight has ever signed with the Spanish firm – comes as construction of the plant progresses, with plans for grid connection by early 2020.
The plant in the Huelva province is, once finished, expected to supply an annual 85GWh in power under what Foresight described as a “long-term” agreement, yet to be signed.
Across the border in Portugal, Foresight acquired Vale Matanças (7.2 MW) in July 2017. The deal was billed at the time as the country’s first ever investment in a large-scale, unsubsidised PV project.
Aragón project to sail through permits with government blessing
7 May: A utility-scale project in the Aragón region is to secure swift passage through the authorisation process on instructions from the government.
Aragón counsellors agreed this week to classify a 49.98MW project by grupo SAMCA as a regional priority, a move set to halve the duration of administrative proceedings the plant will be subjected to.
Once operational, the Mudéjar I scheme is expected to create 250 jobs and generate 82GWh of power from a site in Andorra, a town in the Teruel province.
Construction will be overseen by Monegros Solar and will require over €25 million (US$28 million) in investments.
Jan 20, 2021 GMT
Virtually all PV modules for large-scale utility-based solar sites are imported to the US, especially from Chinese companies using manufacturing sites across Southeast Asia. This puts extreme pressure on US site developers, EPCs and investors, in understanding fully the differences between the companies offering imported PV modules How credible are the companies supplying the products? What is the financial health of the parent entity? Where is the module produced, and is this undertaken in-house or through third-party OEMs? What is the supply-chain for the module sub-components including wafers and cells? And then, how will the modules perform in the field, and is it possible to gauge reliability levels benchmarked against competitors? This webinar will provide insights from two of the leading experts in PV module manufacturing, supply, performance and reliability: Jenya Meydbray of PV Evolution Labs and Finlay Colville from PV-Tech. The 1-hour session will include presentations from Jenya and Finlay, and then a brand-new supplier scorecard matrix that combines the key outputs from PVEL's Module Reliability Scorecard and PV-Tech's PV ModuleTech Bankability Ratings, with specific focus on module supply and use in the US market.
May 26 - May 27, 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.
Mar 09 - Mar 11, 2021
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.
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.