Solar tracker manufacturer Soltec posted net profits of €13.1 million (US$13.9 million) for the year 2022, a €14 million increase on 2021 which saw a €1.2 million loss for the company.
Spanish utility Iberdrola and Spanish solar PV manufacturer Exiom have partnered to build a module manufacturing facility in Spain with an initial annual capacity of 500MW.
Solar tracker manufacturer PV Hardware has planned to build a new solar structure and tracker facility occupying 65,000m2 in an industrial park in Valencia, Spain.
Spain installed 3.7GW of new ground-mounted solar PV capacity in 2022, according to a report from trade association the Spanish Photovoltaic Union (UNEF).
A round-up of the latest PV project news from the US and Europe, including two announcements in Spain, the inauguration of a pair of Hungarian PV plants and operations beginning at an installation in Colorado from Lightsource bp.
A lack of engineering, procurement and construction (EPC) capacity in Spain represents a key challenge for the country’s solar industry as PV plant deployment soars and the government authorises gigawatts of new projects.
High development costs and an unstable regulatory environment have increased average solar power purchase agreement (PPA) prices in Europe to a new high of €76.84 (US$82.4)/MWh in Q4 2022.
