Clean energy investment platform Renewable Power Capital (RPC) has announced the creation of a new joint venture that will develop and acquire 3.4GW of solar PV in Spain.
Residents living near two towns on the east coast of Spain will soon be able to sign up to receive power from the country’s first community agrophotovoltaic projects, which are being built to help reduce local electricity bills while exploring the impact solar shading has on the cultivation of tropical fruit.
Iberdrola is progressing with efforts to develop three solar farms in Spain’s Valencia region that will have a combined capacity of 450MW and require an investment of more than €235 million (US$284 million).
Spain should limit the size of new solar parks to encourage the deployment of smaller projects located closer to consumers, the country’s National Association of Photovoltaic Energy Producers (ANPIER) has said.
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.