Solarcentury sells 80% stake in Spanish subsidy-free plant

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
A Solarcentury plant in Panama. Source: Solarcentury

British developer Solarcentury has sold an 80% stake in the 300MW Talayuela project in Spain.

The deal with German solar and wind power operator Encavis will see Solarcentury retain the remaining 20% share in the subsidy-free plant. Solarcentury will also oversee the management of the facility once it is operational. Grid connection is expected in the first half of 2020.

The plant has a 10-year power purchase agreement (PPA) with what is described as a “highly creditworthy customer”.

“This is one of the largest and most powerful solar projects in Europe and is made all the more innovative by being built without subsidy,” said Frans van den Heuvel, CEO, Solarcentury. “The acquisition pays testament to the quality of our combined skills and to the strong and productive relationship we have with Encavis. Talayuela is concrete evidence of Solarcentury’s transition to a fully integrated platform that develops, builds and operates solar and storage assets,” he added.

Spain’s government has launched a tender programme but the bulk of the country’s forecast PV growth is expected to come from the PPA market.

“Spain is a perfect place to develop, build, maintain and operate subsidy-free solar projects due to its excellent irradiation. Talayuela Solar represents the biggest project for Solarcentury to date and is part of the company pipeline of almost 1GW in different projects and regions in Spain,” said José Miguel Ferrer, managing director, Solarcentury Iberia.

Read Next

March 1, 2021
Endesa, through its Enel Green Power España subsidiary (EGPE), has started construction work on four PV projects in Spain that will have a combined capacity of 180MW and cost €125 million (US$150 million) to develop.
February 26, 2021
Spanish developer Solarpack has updated its guidance to have between 1.8GW and 2GW of solar in operation and under construction by 2023.
February 26, 2021
EDP will focus on North America to ramp up its solar capacity in the next five years as part of a new strategic update that will see the Portuguese utility target more than 50GW of renewables additions by 2030.
February 25, 2021
Soltec recorded a €4.9 million (US$6 million) loss last year as the coronavirus pandemic caused projects delays and an increase in costs for the Spanish solar tracker manufacturer.
February 24, 2021
A European Commission-backed project has been launched to scale up Europe’s PV manufacturing industry and capture the continent’s “booming demand” for solar equipment.
February 24, 2021
Microinverter supplier to use proceeds to repurchase notes due 2024 and 2025 as well as other corporate purposes

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
May 11, 2021