Recent buyer of 2.9GW solar portfolio in Spain means to go further with plans to allocate up to 15% of investments in renewables in Iberia and other markets.
Germany’s juwi walks PV Tech through timetable and PPA details for 204.3MWp plant it has now sold to Hellenic Petroleum, a deal ministers say heralds new renewable era in Greece.
Spanish region set to cement status as European PV hotspot through new plant backed by PPA with telecoms giant Orange, adding to Iberdrola’s 500MWp and 591MWp projects in the area.
Hiring of French firm by Swiss investor Smartenergy will pave way for construction of three PV plants in Southern European hotspot, set to launch new PV-only auction next month.
Spanish firm walks PV Tech through planned location and sizes for large-scale pipeline it will deploy alongside French oil major, with plans by both to jointly look for PPA offtakers.
Official stats show Europe’s fourth largest solar market grew 890MW to cumulative 9.4GW in 2019, less than half of the 18-21GW goal it has set for 2023.
Panellists at London event were all confident market will retain momentum and grow bolder despite the speculative plays and competition from utilities and oil majors.
Iberian operators tell London event they worry adoption of Lisbon’s solar auction design by neighbour Spain could entrench model producing prices developers ‘cannot survive’ on.
