Spanish project updates: Plenitude begins constructing 330MWp solar PV plant, X-Elio sells 147MW projects to DWS

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X-Elio solar PV plant in Badajoz
X-Elio sells three projects to asset manager DWS. Image: X-Elio

Oil company Eni’s renewables subsidiary Plenitude has begun constructing a 330MWp solar PV plant in Spain.

Located near Solana de los Barros in the province of Badajoz, the Renopool solar park consists of seven solar PV plants and an electric substation. The PV plants will feature bifacial modules, trackers and central inverters. Construction of the plants will be completed by next year, and they will generate 660GWh of power per year.

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Plenitude said the Renopool park is its largest solar project. It will connect to the national transmission grid through infrastructure consisting of three connection nodes and a high-voltage line built and shared with other developers.

Stefano Goberti, CEO of Plenitude, said the company has about 400MW of wind and photovoltaic plants in operation, more than 1GW under construction and more than 2GW under development. Additionally, Plenitude has operations in over 15 countries and over 3GW of installed renewables capacity.

Looking ahead, the company intends to have more than 8GW of installed renewables capacity by 2027.

X-Elio sells 147MW solar projects

Meanwhile, Spanish PV developer X-Elio has sold three PV plants with a combined capacity of 147MW to asset manager DWS. The three projects, located in the municipality of Medina de las Torres, Badajoz, started operations in mid-2023.

The acquisition will mark additional investments for DWS’s European investment strategy, allowing German retail and institutional investors to invest directly in infrastructure projects.

After selling these projects, X-Elio said it still boasts a portfolio of 14GW projects in different stages of development. In March, X-Elio secured €89 million (US$96.8 million) to develop three PV projects in Spain with a combined capacity of 123MWp. The financing was closed in February 2024. French bank Société Générale is the sole bookrunner, mandated lead arranger and hedge provider of the funds.

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