Solarcentury to build Spanish 200MW portfolio after stake sale

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
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.

Read Next

January 21, 2022
The European Commission has launched a public consultation on solar energy on the continent as it continues preparations to publish its solar strategy later this year.
January 20, 2022
US residential solar lender Dividend Finance is to be acquired by Ohio-based banking company Fifth Third.
January 20, 2022
Independent power producer (IPP) Cordelio Power has secured a 900MWac pipeline of solar projects in New York and Pennsylvania from project developer SunEast Renewables.
January 19, 2022
Innovative Solar Systems (ISS), a utility-scale solar developer with a 12GW pipeline, has put itself up for sale, as it seeks partners to support the company in its development of ever larger PV projects across the US.
January 19, 2022
Renewables developer R.Power has signed a power purchase agreement (PPA) with energy trader Axpo for nearly 300MWp of solar in Poland.
January 19, 2022
Energy major Shell has acquired 100% of PV project developer Solar-Konzept Italia (SKI), taking its solar development pipeline in Italy to around 2GW in the process.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal